By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News for IndiaNews for IndiaNews for India
  • Home
  • Posts
  • Search Page
  • About us
Reading: Rupee logs worst losing streak in 6 months on US tariff woes; RBI caps damage | Stock Market News
Share
Font ResizerAa
News for IndiaNews for India
Font ResizerAa
  • Economics
  • Business
  • Home
  • Categories
    • Business
    • Economics
  • About us
  • Sitemap
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News for India > Business > Rupee logs worst losing streak in 6 months on US tariff woes; RBI caps damage | Stock Market News
Business

Rupee logs worst losing streak in 6 months on US tariff woes; RBI caps damage | Stock Market News

Last updated: August 8, 2025 4:19 pm
3 hours ago
Share
SHARE


MUMBAI – The Indian rupee ended lower for a fifth straight week, its biggest consecutive weekly drop in six months, as trade tensions between India and the United States escalated following President Donald Trump’s call for new tariffs on Indian goods.

The rupee closed marginally higher at 87.6550 against the U.S. dollar, from 87.7025 on Thursday.

The currency opened at 87.5600 and reached an intraday high of 87.5350, supported by unwinding of long dollar positions in the NDF market.

Dollar bids, primarily from oil importers, pushed the USD/INR higher after initial lows, traders said.

For the week, the rupee eased 0.1%, following a 1.2% drop last week, and has depreciated nearly 3% over the past five weeks.

Rising pressure on the rupee was driven by India’s position among the hardest-hit countries in Trump’s trade offensive, including a new 25% tariff on Indian goods.

The move places India alongside Brazil, facing the steepest import duties, unsettling markets concerned about the impact on capital flows and investor sentiment towards Indian assets.

Fears of a record low in the currency prompted the Reserve Bank of India to intervene almost daily, preventing a deeper slide, traders said.

The RBI resumed intervention in the NDF market to manage rupee volatility, four bankers told Reuters.

Market participants expect another drop in foreign exchange reserves that saw a decline of more than $9 billion in week ended August 1, indicating intervention in the spot market.

Meanwhile, some remain hopeful that a resolution would be achieved in coming period.

Looking at the recent history, there is a high probability that the U.S. lowers tariffs in coming weeks or months and this could lead to a relief rally in Indian markets, as and when it happens, said Nishit Master, portfolio manager at Axis Securities PMS.

This article was generated from an automated news agency feed without modifications to text.



Source link

You Might Also Like

LIC shares end 3 pc higher post-Q1 earnings | Stock Market News

India bond yields a tad up this week amid RBI-led selloff | Stock Market News

Trade Desk tumbles after CEO warns of tariff impact on large brand advertisers | Stock Market News

Tata Motors Q1 Results: Net profit drops 30.5% YoY to ₹3,924 crore; margins drop to multi-quarter low | Stock Market News

BlueStone Jewellery IPO to open on August 11. GMP, price band, key dates among top 10 things to know | Stock Market News

TAGGED:Donald TrumpIndian rupeenew tariffstrade tensionsusd inr
Share This Article
Facebook Twitter Email Print
Previous Article BNP Paribas Falls Further Behind on Valuation as BBVA Tops It | Stock Market News
Next Article BlueStone Jewellery IPO to open on August 11. GMP, price band, key dates among top 10 things to know | Stock Market News
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

News for IndiaNews for India
© Wealth Wave Designed by Preet Patel. All Rights Reserved.
  • BUSINESS