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Rupee recovers 75p, closes at 88.06
Mint Mumbai
|October 16, 2025
The rupee bounced back sharply by 75 paise to close at 88.06 (provisional) 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.
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Forex traders said domestic markets surged nearly 0.7% on optimism over trade talks between India and the US, which reflected in the USD/INR pair.
This story is from the October 16, 2025 edition of Mint Mumbai.
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