Indian rupee appreciated against the U.S. dollar on Thursday supported by a positive trend in domestic equities. Sentiments were optimistic about potential India-US trade deal. A private report suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent. Traders overlooked ministry of Commerce & Industry in its latest data has showed that the output of eight key infrastructure sectors stood at 3 per cent in September 2025, slower than the 6.5 per cent expansion recorded in August 2025. On the global front, Japanese yen weakened against other major currencies in the Asian session on Thursday, as traders expect that the incoming prime minister of Japan, Sanae Takaichi, would support accommodating monetary policy and pursue expansionary fiscal policies.

Finally, the rupee ended at 87.89 (Provisional), appreciated by 04 paise from its previous close of 87.93 on Monday. The currency touched a high and low of 87.96 and 87.80 respectively.