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India’s rupee steadies near ₹88.60 despite global risk‑off and currency turbulence
The Indian rupee held near ₹88.60 on 18 Nov, supported by RBI intervention despite global headwinds, suggesting range‑bound stability for now.
On 18 November 2025, the Indian rupee opened around ₹88.60 per US dollar and held within a narrow band despite broader global risk‑off sentiment and a stronger dollar. Market observers highlighted that although the trade deficit remains elevated and foreign‑investor outflows persist, the Reserve Bank of India’s liquidity interventions are helping anchor the currency.
Analysts suggest that unless a large external shock hits, the rupee is likely to remain range‑bound between ₹88.40‑₹88.90. The stability supports corporate‑earnings expectations and import‑cost planning.