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Rupee recovers 9p; closes at 88.71/dollar
Mint Hyderabad
|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.
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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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