On 17 November 2025 the Indian rupee continued to trade near its record lows against the U.S. dollar, with expectations of depreciation toward the 88.40-88.80 range as dollar-flows remained skewed. The Reserve Bank of India (RBI) resumed bond purchases earlier this month—net buying ₹124.7 billion in the week ending 7 November. The benchmark 10-year yield settled at 6.5265 % after edge-lower movement. Market observers noted that a hawkish shift from the Federal Reserve could dampen emerging-market currencies further and keep yields elevated unless fresh supportive cues emerge from domestic policy or foreign investor flows.