7 Articles
7 Articles
Rupee Gains 5 Paise Despite Trump’s Tariff Blow
Trump’s 25% Tariff on Indian Goods Looms Over Forex Market Mumbai | Economy India: In a cautious but positive start to Thursday’s trading session, the Indian Rupee appreciated by 5 paise, reaching ₹87.67 per US dollar. The movement came amid global unease following a bold move by US President Donald Trump, who announced a 25% additional import duty on select Indian goods. While the local currency showed resilience in the opening hours, forex tra…
Rupee Resilient Amid US Tariff Hike on Indian Exports
Despite the tariff rates being increased on Indian exporters a day earlier, the Indian rupee stood fearlessly and strongly against the US dollar as soon as the stock market opened on Thursday. Even though the stock market saw a decline and the Sensex fell by 454 points and the Nifty went below 24450, on the other hand, the rupee traded in a limited range in the early trade and rose by 5 paise to reach 87.67 per dollar. Foreign exchange traders s…
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