Indian Rupee Steadies Near Record Lows Amid Central Bank Intervention

The Indian rupee opened at 88.7325 against the US dollar on October 6, 2025, remaining nearly unchanged from the previous close of 88.7725. The currency last traded at 88.76 per dollar, just shy of its record low, as the Reserve Bank of India (RBI) likely intervened to support the rupee amid ongoing volatility.

Key Insights

The rupee’s stability near record lows indicates RBI’s active role in managing currency fluctuations through market interventions.

The central bank’s efforts aim to curb excessive depreciation while balancing external economic pressures.

The forex market remains watchful of global cues, including the US dollar strength and overseas capital flows affecting the INR’s direction.

Investors anticipate continued RBI vigilance to maintain orderly forex markets while supporting economic growth.

Outlook

While the rupee faces near-term pressure from global volatility, RBI’s proactive stance and macroeconomic fundamentals are expected to provide a buffer, preventing sharp currency declines.

Source: Reserve Bank of India, Reuters, Trading Economics