Rupee recovers to 87.92/$1 after hitting record low

Business Oct 20, 2025

The Indian rupee made a small but noticeable recovery on Monday, ending the day at 87.9275 per US dollar.
This boost came after the Reserve Bank of India (RBI) and state-run banks likely stepped in to keep the rupee from slipping past the key 88 mark, selling dollars to steady things.

RBI's timely interventions help rupee recover

RBI's early interventions and over $1 billion in fresh foreign investments last week helped keep the rupee on track, even as global headlines—like US President Trump's tariff talk—didn't shake the market much.
As Dilip Parmar from HDFC Securities put it, steady fund inflows and strong risk assets gave the rupee some extra support, especially during the shorter trading week.