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What happened
In early trading on November 28, 2025, the Indian rupee weakened by 7 paise, reaching 89.43 against the U.S. dollar. The rupee initially opened at 89.41 but slipped further due to a strong dollar and rising crude oil prices. Forex experts noted that the rupee's decline was also impacted by the withdrawal of foreign funds. Investors are particularly cautious as they await the announcement of GDP growth numbers for the July-September quarter. The dollar index, which measures the dollar's strength against six currencies, was slightly higher at 99.56. Additionally, Brent crude oil prices increased by 0.41% to $63.60 per barrel. On the domestic front, the Sensex and Nifty indices showed positive movement, rising by 91.01 points and 18.85 points, respectively. However, foreign institutional investors sold equities worth ₹1,255.20 crore on a net basis the previous day.
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Key insights
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1
Rupee's Performance
The rupee's decline reflects broader economic pressures.
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2
Impact of Crude Prices
Rising crude oil prices contribute to currency depreciation.
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3
Investor Sentiment
Cautious investors await key GDP growth data.
Takeaways
The rupee's fall against the dollar highlights ongoing economic challenges, influenced by external factors like crude oil prices and investor behavior.