Rupee Gains 14 Paise to Reach 87.95 Against Dollar in Early Trade

Quick Summary:

• Rupee Performance: The rupee appreciated by 14 paise to ₹87.95 against the U.S. dollar in early trade on September 9, 2025, after opening at ₹87.98.
• Recent Record Lows: On September 2, the rupee recorded its all-time low closing level at ₹88.15; touched a lowest-ever intraday level of ₹88.38 on Friday (September 5), later ending slightly higher at ₹88.09.
• Forex Market Holiday: Closed on September 8 due to Maharashtra declaring Eid-e-Milad-related public holiday.
• dollar Index update: Trading at 97.40 (down by 0.05%) following disappointing U.S employment data adn unemployment rate rise to 4.3%; potential for Federal Reserve rate cuts being speculated ahead of FOMC meeting on September 17.
• Expert Commentary: Softer U.S inflation data expected this week could lead to larger Fed rate cuts, easing pressure on the dollar but global volatility remains possible depending on inflation surprises (CR Forex Advisors Amit pabari).
• Brent Crude Price Update: Trading up by 0.53% at $66.37 per barrel.
• Domestic Equities Rallying: Sensex up by over 366 points (81,154) and Nifty increased roughly by over ‘101 pts’.

– FIIS made equity selling worth incorporated(₹2170).

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