Rupee bounces back after record low, closes at 89.20 against dollar

Business Nov 24, 2025

The Indian rupee made a comeback on Monday, closing at 89.20 against the US dollar—up by 46 paise after hitting an all-time low of 89.66 last Friday.
The currency opened strong at 89.46 and moved in the range of 89.05 and 89.50 during the day, eventually settling at 89.20, offering some relief after a rough week in the markets.

What helped the rupee recover?

A few things worked in the rupee's favor: banks and importers sold off US dollars as global oil prices dropped, and the Reserve Bank of India stepped in to help keep things stable.
Still, even with this recovery, Indian stock markets took a hit—Sensex fell by 331 points and Nifty was down over 100 points—as foreign investors continued to pull out funds.