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Rupee likely to hold steady near ₹88.60 despite global risk-off tone
The rupee is expected to stay around ₹88.
On 18 November 2025, market participants expect the Indian rupee to open around ₹88.60–₹88.62 per US dollar, remaining relatively stable despite global risk‑off sentiment and a stronger dollar index. The currency closed at ₹88.61 on Monday and is supported by recurring intervention by the Reserve Bank of India (RBI), which has defended the ₹88.80 level.
Analysts note that even a high trade deficit and foreign investor outflows failed to move the rupee significantly, owing to the RBI’s steady intervention and policy credibility.