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Rupee depreciates against dollar on Monday
Nov-03-2025

Indian rupee depreciated against the US dollar on Monday weighed down by a strong American currency and foreign fund outflows. Foreign institutional investors (FIIs) were net sellers of shares worth Rs 6,769.34 crore. Investors ignored the report that the seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) surged to 59.2 in October from 57.7 in September, indicating a quicker improvement in the health of the sector. Besides, government data has showed that gross Goods and Services Tax (GST) collection increased 4.6 per cent to about Rs 1.96 lakh crore in October 2025 as against Rs 1.87 lakh crore collections in October 2024, driven by festive buying spree despite a cut in GST rates. On the global front, Swiss franc weakened against other major currencies in the European session on Monday, after data showed that Switzerland's consumer price inflation slowed unexpectedly in October after remaining stable in the previous two months.

Finally, the rupee ended at 88.77 (Provisional), depreciated by 6 paise from its previous close of 88.71 on Friday. The currency touched a high and low of 88.80 and 88.73 respectively.

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