Foreign institutional investors sold equities worth ₹3,795.72 crore on a net basis on November 2, 2025, according to exchange data. File
| Photo Credit: The Hindu
The rupee traded in a narrow range against the U.S. dollar in early trade on Monday (December 1, 2025), as the support from positive domestic equities was negated by elevated crude oil prices and foreign fund outflows.
Forex traders said significant dollar demand by importers has exerted persistent downward pressure on the local currency.
Moreover, investors are adopting a cautious stance amid ongoing trade tensions with the U.S., with expectations of a settlement towards the end of the year.
At the interbank foreign exchange market, the rupee opened at 89.45. It slipped further to trade at 89.46 against the greenback in…
