Indian rupee appreciated against US dollar on Tuesday amid progress on the US shutdown bill and optimism over the US-India trade deal. Traders took note of Ministry of Statistics report stating that the unemployment rate (UR) in India among persons of age 15 years and above declined to 5.2 per cent in July-September this year from 5.4 per cent in the previous quarter of April-June. Investors overlooked Reserve Bank of India’s (RBI) data report showing that India’s outward foreign direct investment (OFDI) commitments declined 16.56% to $3,140.96 million in October 2025, from $3,764.54 million in October 2024. On the global front, ringgit extended its uptrend to close higher for the sixth consecutive day, supported by renewed optimism over a possible interest rate cut by the United States Federal Reserve (Fed).

Finally, the rupee ended at 88.57 (Provisional), appreciated by 16 paise from its previous close of 88.73 on Monday. The currency touched a high and low of 88.72 and 88.52 respectively.