neutral
Recently
Rupee steadies as forward premiums fall to two‑month lows amid improved risk sentiment
The rupee strengthened marginally as forward premiums fell and global sentiment improved, but importer demand and RBI interventions limited gains.
On 6 November 2025, the Indian rupee traded in a narrow band, strengthening slightly to ~₹88.6050 per U.S. dollar, as improved global risk appetite supported Asian currencies, while firm importer‑dollar demand and interventions by the Reserve Bank of India kept it in check. A drop in one‑year dollar‑rupee forward premiums to ~2.13%—the lowest since August 2025—reflected reduced hedging cost. U.S. Treasury yields climbed after strong services data, tempering outflows and helping the rupee maintain its range.