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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Opens Weaker Against US Dollar As Tariff Threats Loom

  • The Indian rupee opened 8 paise weaker against the US dollar at 85.39 on Friday, compared to its previous close of 85.31 on Thursday.
  • Rupee is expected to trade within the range of 85.20 to 85.80.
  • Dollar remained strong against the Euro and Yen following a solid Non-Farm Payroll Report and significant tax bill passage by the US House of Representatives.
  • Tariffs on countries like Japan are set to take effect on July 9, leading to uncertainty in the market with the US dollar rallying from over three-year lows.

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