Indian rupee saw the steepest single-day fall in over three months breaching 89-a-dollar-mark for the first time and closed sharply lower against the greenback on Friday, amid negative cues from domestic as well as global equity markets triggered by trade-related uncertainties. The sharp fall in Indian currency also attributed to the lack of clarity over the proposed India-US trade deal. Traders remained cautious as India’s flash Purchasing Managers’ Index (PMI) data report has showed that India's private sector activity expanded at its slowest pace in six months in November. The HSBC Flash India Composite Output Index - a seasonally adjusted index that measures the month-on-month change in the combined output of India's manufacturing and service sectors - fell to 59.9 in November 2025 from 60.4 in October 2025. On the global front, the U.S. dollar slipped marginally lower on Friday, but was still set for a weekly gain as traders trimmed bets on further policy easing from the Federal Reserve next month.

Finally, the rupee ended at 89.55 (Provisional), depreciated by 87 paise from its previous close of 88.68 on Thursday. The currency touched a high and low of 89.65 and 88.59 respectively.