Rupee Watch: Why USD/INR Is Anchored Near 88.6–88.8 in November 2025—and What Could Move It Next
Rupee Watch: Through the first half of November 2025, the rupee has traded tightly around 88.6–88.8 per U.S. dollar, brushing its late-September record low but largely holding the line. Daily reference prints and interbank closes show narrow ranges as a familiar mix of factors pull in oppo site directions: RBI defence via state-run banks, oil…