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Rupee recovers 9p; closes at 88.71/dollar

Mint Mumbai

|

October 02, 2025

The rupee recovered 9 paise from its all-time closing low to settle at 88.71 against US dollar on Wednesday, as the central bank in its monetary policy decision announced a host of measures to support exporters and bring stability to the domestic unit.

Forex traders said the rupee advanced against the US dollar as the Reserve Bank of India (RBI) left the repo rate unchanged at 5.5% and maintained a neutral stance in its fourth Monetary Policy of FY26.

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