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Rupee depreciates against dollar on Monday
Oct-27-2025

Indian rupee depreciated against the US dollar on Monday as broad strength in crude oil prices and month-end dollar demand from importers weighed on investor sentiment. Traders overlooked the finance ministry's report stating that the growth outlook for FY26 remains strong, supported by domestic demand, lower inflation, monetary easing, and the positive effects of GST reforms despite global economic and trade policy uncertainties. Besides, India's forex reserves increased by $4.49 billion to $702.28 billion for the week ended October 17, as the value of gold reserves rose further. On the global front, Japanese yen weakened against other major currencies in the Asian session on Monday, as fiscal concerns replaced the Bank of Japan's (BoJ) rate hike expectations.

Finally, the rupee ended at 88.19 (Provisional), depreciated by 36 paise from its previous close of 87.83 on Friday. The currency touched a high and low of 88.31 and 87.86 respectively.

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