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Rupee depreciates against dollar on Friday

28 Nov 2025 Evaluate

Indian rupee depreciated against the US dollar on Friday tracking a strong greenback and a rise in crude oil prices in the international market. The Indian currency was also weighed down by subdued equity market sentiment and the withdrawal of foreign funds. Foreign institutional investors sold equities worth Rs 1,255.20 crore on a net basis on Thursday, according to exchange data. Traders overlooked Moody’s Ratings statement that with a 7% GDP expansion in 2025 and 6.4% in the next year, India will lead growth among emerging markets and across the Asia Pacific region. On the global front, ringgit extended its gains to close marginally higher against the US dollar on Friday on the rising expectations for a cut in US interest rates in December.

Finally, the rupee ended at 89.45 (Provisional), depreciated by 8 paise from its previous close of 89.37 on Thursday. The currency touched a high and low of 89.50 and 89.37 respectively.

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