The Indian Rupee INR=IN remained slightly down at 89.44 per US dollar on November 27, 2025, narrowly below its all-time high of 89.49 hit earlier this month. The Reserve Bank of India likely intervened with dollar sales to support the currency amid external pressures.
The rupee's recent weakness reflects tightening global liquidity and trade uncertainties. Having hit a record low of 89.49 on November 21, it rebounded marginally but remains under pressure. The Reserve Bank of India (RBI) has actively sold US dollars, including $38 billion in the first nine months of 2025, to stabilize the currency.
Central Bank Actions
RBI’s interventions in spot and forward markets, along with forward dollar sales nearing $59.4 billion, aim to curb sharp rupee depreciation. Market participants note RBI defended the 88.80 level for long before the recent slide pushed the rupee below 89. Analysts attribute volatility partly to global economic factors and RBI Governor's remarks on market-determined exchange rates.
Key Highlights
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Current Rate: 89.44 INR/USD (down 0.1%)
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Record High: 89.49 INR/USD on November 21, 2025
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RBI Dollar Sales: $38 billion Jan-Sep 2025 in spot market
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Market Sentiment: Supportive RBI interventions amid global uncertainty
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Outlook: Volatile but managed near record lows.
Sources: Moneycontrol, MarketScreener, Indian Express.