19 Nov 2025 | 5 Mins Read
Rupee holds steady amidst merchant inflows
Flipitmoney
The rupee closed at 88.5875, marginally up from its prior close of 88.6050. The currency rose to a peak of 88.4250 but declined in the second half due to importer dollar demand and modest portfolio outflows. A potential U.S-India trade deal weighed on offshore market participants to sell options, and a U.S-China trade deal dip also affected the rupee.