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Rupee depreciates against dollar on Thursday amid FII outflows

13 Nov 2025 Evaluate

Indian rupee depreciated against the U.S. dollar on Thursday as foreign fund outflows and continuous dollar demand from local importers, including oil companies, exerted pressure on the local currency.  Foreign Institutional Investors sold equities worth Rs 1,750.03 crore on November 12. Traders ignored the report that retail inflation slipped to a multi-year low of 0.25 per cent in October, driven by the impact of the GST rate cut and subdued prices of vegetables and fruits. The consumer price index (CPI) based retail inflation was 1.44 per cent in September and 6.21 per cent in October 2024. On the global front, euro strengthened against other major currencies in the pre-European session on Thursday as European shares traded higher, amid positive sentiment generated by the conclusion of the longest federal closure in U.S. history.

Finally, the rupee ended at 88.71 (Provisional), depreciated by 08 paise from its previous close of 88.63 on Wednesday. The currency touched a high and low of 88.73 and 88.63 respectively.

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