The rupee managed to offset the early losses on August 14, 2025, following a rating upgrade from S&P Global. As a result, the rupee closed 11 paise down at 87.55 against the US dollar. During the day, it hit a sharp low of 87.67 before surging after the ratings upgrade. S&P Global, a credit rating agency, upgraded India’s long-term unsolicited sovereign credit ratings from BBB- to BBB on August 14, 2025, on the back of economic resilience and continued fiscal consolidation.