Indian rupee depreciated against the US dollar on Friday weighed down by the strength of the American currency and rising crude oil prices. Traders overlooked the report that India's wholesale price index (WPI) inflation slipped into the negative zone in the month of October 2025, easing to (-) 1.21%, compared with 0.13% in September 2025. Negative rate of inflation in October 2025 is primarily due to decrease in prices of crude petroleum & natural gas and non-food articles. On the global front, New Zealand dollar strengthened against other major currencies in the Asian session on Friday, following the release of the China retail sales and industrial production data in October.
Finally, the rupee ended at 88.73 (Provisional), depreciated by 2 paise from its previous close of 88.71 on Thursday. The currency touched a high and low of 88.75 and 88.70 respectively.
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