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Rupee steadies near ₹88.60 despite global headwinds and dollar strength
The rupee held near ₹88.
On 18 November 2025, the Indian rupee opened around ₹88.60 per US dollar and held within a narrow range despite heightened global risk‑off sentiment and dollar strength. Foreign capital outflows and a widening trade deficit had threatened pressure, but the Reserve Bank of India’s intervention and controlled domestic liquidity helped limit the slide.
Analysts noted that unless there are fresh external shocks or a major adverse shift in global rates, the rupee may remain range‑bound in the near term likely between ₹88.40‑₹88.90 per dollar.