Rupee hits all-time low of 88.37 against dollar on tariff concerns
Published on 11/09/2025 02:32 PM
Rupee hits all-time low of 88.37 against dollar on tariff concernsPersistent tariff pressures from Washington continued to weigh on India’s trade outlook and capital flows.By Anshul September 11, 2025, 3:06:29 PM IST (Updated)1 Min ReadThe Indian rupee fell to all-time low level of 88.37 against the US dollar on Thursday (September 11), slipping past its previous all-time low of 88.36 hit last week.
Persistent tariff pressures from Washington continued to weigh on India’s trade outlook and capital flows.
The currency had been range-bound in recent sessions, unable to move beyond 88.20 and 87.95 levels, as traders awaited progress in tariff negotiations between India and the United States.
Market participants also noted that the Reserve Bank of India (RBI) has been intermittently selling dollars near the 88.20 level to curb excessive volatility.
“For the day we expect the range to be between 87.80 and 88.30. The market sentiment is also driven by anticipation of the upcoming CPI release and expectations of a bigger size Fed rate cut,” Finrex Treasury Advisors LLP said in a note.
Meanwhile, the dollar index—which tracks the greenback’s performance against six major currencies—was up 0.05% at 97.82. Brent crude, the global oil benchmark, traded 0.10% lower at $67.42 per barrel in futures trade.
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