# Indian rupee holds above record low on state bank dollar sales, ends month flat - Markets - Business Recorder

> The rupee held above its record low of 88.80 on October 31 after state-run banks sold dollars, closing slightly lower at 88.7650 and flat for the month. Equities were set to end October up over 4.5%, and traders expect the RBI to keep limiting volatility.

- Date: 2025-10-31 · published 2025-10-31T12:00:00.000Z
- Category: macro · region India · magnitude low
- Page: https://feedsoft.ai/events/22693-indian-rupee-holds-above-record-low-on-state-bank-dollar-sales-ends-month-flat
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Central bank dollar sales limit rupee weakness, but the bias toward depreciation without a US-India trade deal keeps Indian import costs elevated.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-07-27 | [Dollar slightly lower after Fed hikes by 75 basis points - Markets - Business Recorder](https://feedsoft.ai/events/40681-dollar-slightly-lower-after-fed-hikes-by-75-basis-points-markets-business.md) | -0.7% | +0.2% |
| DXY | 2021-02-23 | [Dollar bounces off six-week low as traders prepare for Powell - Markets - Business Recorder](https://feedsoft.ai/events/10598-dollar-bounces-off-six-week-low-as-traders-prepare-for-powell-markets-business.md) | +0.5% | +1.0% |
| DXY | 2021-03-19 | [Dollar pauses as traders weigh Fed's dovish stance - Markets - Business Recorder](https://feedsoft.ai/events/48315-dollar-pauses-as-traders-weigh-fed-s-dovish-stance-markets-business-recorder.md) | +1.1% | -0.1% |
| DXY | 2026-08-31 | [China's yuan firms despite dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/18093-china-s-yuan-firms-despite-dollar-rebound-markets-business-recorder.md) | -0.6% | +1.6% |
| DXY | 2021-07-13 | [Australia, NZ dollars steady, benefit from weaker US dollar - Markets - Business Recorder](https://feedsoft.ai/events/46321-australia-nz-dollars-steady-benefit-from-weaker-us-dollar-markets-business.md) | +0.7% | +0.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40390253

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.