Rupee strengthens to 82.89 against U.S. dollar as oil prices ease

On 5 November 2025, the Indian rupee appreciated by 9 paise to close at 82.89 against the U.S. dollar, supported by falling crude oil prices and steady foreign inflows. Brent crude dipped below $83 per barrel, easing import-related pressures on India’s trade balance. Forex dealers noted that sustained portfolio inflows and stable domestic macro data improved sentiment. However, gains were capped by dollar demand from oil importers. Market participants said the rupee could stay within a narrow range ahead of the U.S. inflation report due later this week.