Mumbai, Nov. 27 -- The Indian rupee (INR) traded within a narrow range of 87.8-88.8 per US dollar in October, remaining largely unchanged from September levels, the finance ministry's October Monthly Economic Review said. This limited volatility reflected a period of relative stability in global currency markets, supported by steady portfolio flows and the RBI's active management of liquidity and foreign exchange. Looking at the longer trend, the INR depreciated by 3.5 per cent against the US dollar from the end of March to the end of October 2025, demonstrating a gradual weakening consistent with broader emerging-market currency trends. Further, the report mentioned that as of November 7, 2025, India's foreign exchange reserves stood at ...