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Rupee strengthens against US dollar on Wednesday
Oct-15-2025

Indian rupee bounced back sharply against the US dollar on Wednesday, posting its biggest intraday gain in nearly four months, due to likely intervention by the RBI and a surge in the domestic markets. Moreover, a weak US Dollar and an overnight decline in crude oil prices also supported the rupee. Traders got encouragement as International Monetary Fund (IMF) has revised upwards India's GDP growth forecast for the current fiscal to 6.6 per cent compared to its earlier estimate of 6.4 per cent on the back of strong growth, offsetting the impact of US tariffs on Indian shipments. On the global front, the U.S. dollar retreated on Wednesday, unwinding a portion of recent gains after comments from Federal Reserve Chair Jerome Powell bolstered rate-cutting bets, while the euro found support. 

Finally, the rupee ended at 88.03 (Provisional), appreciated by 78 paise from its previous close of 88.81 on Tuesday. The currency touched a high and low of 88.74 and 87.93 respectively. 


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