28 Oct 2025 | 5 Mins Read
India's Rupee Hits Two-Week Low
Flipitmoney
The Indian rupee weakened to 88.40 against the US dollar before trimming losses, attributed to likely intervention by the RBI or dollar sales by state-run banks. Traders expect resistance at 88.40 and support at 87.60-87.70. Global crude oil prices and US Federal Reserve expectations also influence rupee movement, affecting importers' dollar demand.