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( As on 30/10/2025 10:51)

Rupee slips 21 paise to 88.43 against US dollar in early trade

The rupee weakened by 21 paise to 88.43 against the US dollar in early trade on Thursday, pressured by the strength of the American currency after Federal Reserve Chair Jerome Powell signaled that a December rate cut is not guaranteed.

According to forex traders, the dollar index climbed to 99.05 while the US 10-year Treasury yield rose to 4.07%, despite the Fed’s 25 bps rate cut overnight.

At the interbank foreign exchange market, the rupee opened at 88.37 per dollar and slipped further to 88.43, down 21 paise from its previous close.