Indian rupee appreciated against the US dollar on Monday tracking firm domestic equity markets and lower global crude oil prices. Some support came as RBI has permitted exporters to bring proceeds of their shipments in 15 months as against the prevailing timeframe of 9 months. The changes have been made following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations. Traders took note of report that next round of negotiations between India and Chile on the proposed free trade agreement (FTA) is expected to be held in December 2025. The pact with the South American nation may help India access critical minerals, which are key inputs for electronics, auto, and solar sectors. On the global front, ringgit declined against the US dollar as expectations for a United States interest rate cut in December have diminished.

Finally, the rupee ended at 88.61 (Provisional), appreciated by 5 paise from its previous close of 88.66 on Friday. The currency touched a high and low of 88.73 and 88.56 respectively.