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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Opens Weak Against US Dollar Amid Tariff Tensions

  • The Indian rupee opened weak against the US dollar at 85.83 on Friday, after closing at 85.65 on Thursday.
  • Dollar-rupee forward premiums showed minimal movement, indicating limited support for an interest rate cut later this month.
  • Ongoing tariff tensions between the US and other countries have contributed to volatility in the forex market.
  • Oil prices remained steady as investors evaluated the impact of OPEC+ supply and President Trump's tariffs.

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