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₹ hits fresh closing low of 88.76 vs $
Business Standard
|September 30, 2025
The rupee reversed early gains to settle at a fresh closing low of 88.76 per dollar due to foreign outflows and corporate demand for dollars, according to dealers.
The currency had settled at 88.72 per dollar on Friday.
"The rupee made a high of 88.66 before capitulating to the demand for foreign portfolio investments (FPIs) along with the month-end demand, subsequently making a low of 88.77 and then eventually closing at 88.76, its lowest closing," Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors, said.
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