23 Oct 2025 | 5 Mins Read
Rupee expected to rise after Diwali pause
Flipitmoney
The Indian rupee may open higher on Thursday, trading in the 87.80-87.85 range against the US dollar, due to expected developments on a potential US-India trade deal lowering US tariffs on Indian goods to 15-16%. Importers' hedging interest and the Reserve Bank of India's intervention to prevent the rupee from weakening past 88 per US dollar are also factors influencing the market.