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HinduBusinessLine

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Rupee declines 17 paise to 85.97 against US dollar in early trade

  • The Indian rupee declined by 17 paise to 85.97 against the US dollar in early trade, attributed to uncertainties over US trade tariffs.
  • Forex experts mentioned that India is currently negotiating with the US regarding potential tariffs, with the rupee's range projected to be between 85.50 to 86.00 during the day.
  • The dollar index, indicating the dollar's strength against other currencies, increased to 97.93, while Brent crude fell to $70.02 per barrel in futures trade.
  • On the domestic front, the Sensex dropped 295.37 points to 82,205.10, the Nifty was down 71.4 points to 25,078.45, and FIIs sold equities worth ₹5,104.22 crore on Friday.

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