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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Appreciates As Dollar Wavers On Trump Tariff Impact

  • The Indian rupee appreciated by 46 paise against the US dollar on Friday as fears over the damage due to US President Donald Trump's tariff policy bruised the US currency.
  • A decline in oil prices also lent support.
  • The USDINR pair is expected to move downwards, with 84.90-85.00 acting as a strong support, while 85.60 will act as a strong resistance, according to Amit Pabari, managing director at CR Forex Advisors.
  • The dollar weakened against major currencies amid fears of inflation and recession hitting the world's largest economy due to Trump tariffs.

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