Business
Rupee Hits All-Time Low Of 88.36 Against US Dollar; Likely RBI Intervention Caps Losses
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The rupee fell to 88.36 against the U.S. dollar, eclipsing its previous all-time low of 88.33 hit on September 1
Rupee depreciates against dollar.
The Indian rupee slipped to a record low on Friday as traders remained jittery over news related to U.S. tariffs on India, while likely dollar-selling intervention by the Reserve Bank of India curbed sharper losses, traders said.
The rupee fell to 88.36 against the U.S. dollar, eclipsing its previous all-time low of 88.33 hit on September 1. The currency was last at 88.2750, down 0.1% on the day.
Traders cited strong buying from foreign banks amid speculation about ongoing tariff pressures on India from the U.S.
The “spike on USD/INR was caused by worries of higher tariffs on India but state-run banks stepped in over 88.30 to cap losses, most likely on behalf of the Reserve Bank of India,” a senior trader at a bank said.
Merchant flows are relatively muted today so activity is skewed towards the dollar buying side, the trader added.
MUFG said the rupee could weaken to 89 by the first quarter of calendar year 2026 under the assumption that the steep tariffs remain for now but are eventually lowered to 25% sometime next year.
Foreign portfolio investors have continued to withdraw from Indian equities with net sales of $1.4 billion so far in September, taking the total outflow so far this year to over $16 billion.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
September 05, 2025, 13:28 IST
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Stock Market Today: Indian stock markets started Friday’s session on a negative note
Sensex Today
Sensex Today: Indian benchmark indices traded lower on Friday, weighed down by reports that the US is considering a fresh probe against China regarding their 2020 trade deal. Rising crude oil prices, driven by US sanctions on Russia, further dented market sentiment.
By 12 PM, the Sensex was at 84,354.58, down 201.82 points or 0.24%, while the Nifty stood at 25,823.90, down 67.5 points or 0.26%.
On the Sensex, Hindustan Unilever (HUL), Kotak Bank, Axis Bank, Titan, Power Grid, ITC, Adani Ports, NTPC, Tech Mahindra, Eternal, and Maruti Suzuki were the top losers, falling up to 3.5%. On the upside, ICICI Bank, Tata Steel, Bharat Electronics (BEL), M&M, Bharti Airtel, HDFC Bank, and SBI led the gains.
Broader markets were muted, with the Nifty Midcap 100 down 0.05% and the Nifty Smallcap 100 sliding 0.18%.
Sector-wise, the Nifty Metal index led the rally with 1% gains, followed by the Nifty Realty index, up 0.5%. The Nifty FMCG index lagged, declining 1.16%.
Global Cues
Across Asia, markets traded higher after the White House confirmed that US President Donald Trump and Chinese President Xi Jinping will hold discussions next week during Trump’s Asia visit. Japan’s Nikkei 225 advanced 1.1%, Hong Kong’s Hang Seng rose 0.95%, and South Korea’s KOSPI gained 1.29%.
Overnight, US markets closed higher, led by gains in technology stocks following upbeat corporate earnings. The S&P 500 climbed 0.6%, the Nasdaq Composite surged 0.9%, and the Dow Jones Industrial Average added 0.3%.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
October 24, 2025, 08:53 IST
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Maruti Suzuki Jimny 5-Door: Maruti Suzuki announced that the Jimny 5-door has achieved a landmark milestone, surpassing a cumulative export figure of 1 lakh units from India. The export journey for the Jimny 5-door began in 2023, shortly after its India debut. This SUV, manufactured exclusively in India, is being exported to over 100 countries, including Japan, Mexico and Australia.
Jimny 5-door’s entry in Japan in January 2025, under the name “Jimny Nomade”, sparked off an overwhelming response with orders crossing the 50,000 mark within days of introduction.
Speaking on the milestone, Hisashi Takeuchi, Managing Director & CEO, Maruti Suzuki India Limited, said, “The Jimny has over half a century of heritage globally. Jimny 5-door crossing 1 lakh export mark is a proud achievement for Maruti Suzuki. We are deeply thankful to customers around the world for their trust in this acclaimed SUV. Jimny’s strong off-road DNA, reliable performance and uncompromising quality have earned admiration in over 100 countries.”
He added, “The Jimny, along with 16 other models exported by Maruti Suzuki, stands as a shining example of ‘Make in India for the World’. The year-on-year rise in the Company’s exports reflects the love and confidence of customers in our products and highlights India’s rise as a hub for world-class automobile manufacturing.”
In the official statement, the company said, “This achievement reinforces Maruti Suzuki’s robust and sustained export growth trajectory. With over 2 lakh vehicles exported in H1 FY 2025-26, the Company grew by around 40% and recorded its highest-ever half-yearly export volume.”
“Maruti Suzuki commands over 46% share in India’s passenger vehicle exports. In FY 2024-25, the Company had exported over 3.3 lakh vehicles,” it further said. Maruti Suzuki has demonstrated significant growth in export volumes over the past five financial years, culminating in a record high of 332,585 units in 2024-25, up from 96,139 units in 2020-21.
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Gold Price Today: Gold in Mumbai is Rs 1,25,070 per 10g for 24k, silver hits Rs 1,58,900 per kg.
Gold Price Today
Gold and Silver Rates Today, October 24: Gold prices on Friday fell slightly amid the correction phase post Diwali festival after the record rally. In Mumbai, the price of 24-carat gold stood at Rs 1,25,070 per 10 grams, while 22k gold was available at Rs 1,14,640 per 10 grams. Silver also saw a marginal fall to trade at Rs 1,58,900 per kg.
On the MCX, gold futures expiring on December 05, 2025, was trading lower by 0.34% to trade at Rs 1,23,683 per 10 grams around 9:23 AM, whereas silver futures expiring on December 05, 2025, fell 0.83% to Rs 1,47,278 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On October 24?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,14,790 | Rs 1,25,220 |
| Jaipur | Rs 1,14,790 | Rs 1,25,220 |
| Ahmedabad | Rs 1,14,690 | Rs 1,25,120 |
| Pune | Rs 1,14,690 | Rs 1,22,070 |
| Mumbai | Rs 1,14,640 | Rs 1,25,070 |
| Hyderabad | Rs 1,14,640 | Rs 1,25,070 |
| Chennai | Rs 1,14,640 | Rs 1,25,070 |
| Bengaluru | Rs 1,14,640 | Rs 1,25,070 |
| Kolkata | Rs 1,14,640 | Rs 1,25,070 |
International Gold Prices Today
In the international market, US spot gold gained almost 1,65% after the crash to trade at $4,117 per ounce as of 9:20 IST.
Silver also gained 1.09% to trade at USD 48.62 per ounce.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
October 24, 2025, 09:25 IST
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