On November 21, 2025, the Indian rupee opened at 88.6750 against the U.S. dollar, almost flat compared to its previous close of 88.7050. The currency’s stability reflects cautious investor sentiment amid global dollar strength and ongoing uncertainty around U.S. Federal Reserve policy.
The rupee’s opening level signals a steady performance despite external pressures. Forex traders noted that the dollar has rallied globally, supported by Federal Reserve minutes showing reluctance to cut rates in December. Domestic equities remain volatile, while foreign fund outflows continue to weigh on sentiment. Analysts suggest the rupee may trade in a narrow band, with RBI interventions and global cues shaping short‑term movements.
Notable updates
* Rupee opened at 88.6750 per U.S. dollar on November 21
* Previous close stood at 88.7050, showing minimal change
* Dollar strength driven by Fed’s cautious stance on rate cuts
* Domestic equities volatile; foreign fund outflows add pressure
* Traders expect range‑bound movement with RBI monitoring liquidity
The rupee’s near‑flat opening underscores resilience amid global currency volatility. While external factors like U.S. monetary policy remain influential, India’s currency continues to hold steady, reflecting balanced market sentiment.
Sources: Reuters, The Hindu, Siasat, Nagaland Post