Indian rupee opens at 88.67 per US dollar

Business Sep 29, 2025

The Indian rupee kicked off Monday a bit higher, opening at 88.67 per US dollar—up four paise from its last close.
This small boost follows a wave of gains across Asian currencies, sparked by fresh US inflation data.

Analyst outlook on rupee

Currencies like the South Korean won, Indonesian rupiah, and Japanese yen also saw noticeable jumps, which could potentially support the rupee in the coming days.
The rupee had recently touched an all-time low of 88.7975, with higher US H1-B visa fees adding to bearishness.
Analyst Amit Pabari notes that if global markets stay steady, the rupee could hold strong between support at 88.40 and resistance around 89-89.20.