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Indian rupee depreciates on Tuesday
Nov-18-2025

Indian rupee depreciated against the US dollar on Tuesday in line with negative sentiment in equity markets. Sentiments were downbeat as commerce ministry in its latest data has showed that India’s merchandise exports contracted 11.8 per cent to $34.38 billion in October 2025 as compared to $38.98 billion in October 2024, on account of the impact of high tariffs by the US. However, losses were limited with Commerce Secretary Rajesh Agrawal’s statement that the first phase of the proposed India-US bilateral trade agreement (BTA) is nearing closure and would address the hefty 50 per cent tariffs imposed by the Trump administration on Indian goods, in addition to resolving America's market access issues. On the global front, Swiss franc strengthened against other major currencies in the Asian session on Tuesday, after Switzerland negotiated a tariff agreement with the United States.

Finally, the rupee ended at 88.60 (Provisional), depreciated by 01 paisa from its previous close of 88.59 on Monday. The currency touched a high and low of 88.69 and 88.58 respectively.


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