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Bloomberg Quint

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Image Credit: Bloomberg Quint

Rupee Vs Dollar: Indian Currency Slips After Three Weeks Of Gains Over Trade Woes

  • The Indian rupee slipped after a three-week gaining streak against the US dollar, ending 0.5% lower for the period ending July 11.
  • The rupee depreciated by 16 paise to close at 85.80 for a dollar on Friday amidst trade concerns.
  • President Donald Trump's tariff threats and uncertainties around US trade policy have pressured the rupee and other Asian currencies.
  • The dollar index rose 0.6% this week, impacting currency movements, with the rupee being the second-worst performer in Asia.

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