archiveIndian rupee

MUMBAI, August 7 (Reuters) - The Indian rupee is expected to open largely unchanged on Thursday, showing limited reaction to U.S. President Donald Trump's additional tariffs on Indian goods, which traders said was largely expected and factored in. The 1-month non-deliverable forward indicated the rupee will open in the 87.70-87.75 range versus the U.S. dollar, largely unchanged from Wednesday's close of 87.7325. Indian equities too appeared largely unfazed by the additional tariffs, with GIFT Nifty futures pointing to a muted open. On Wednesday, Trump hit Indian goods with an extra...

MUMBAI, July 31 (Reuters) - The Indian rupee fell to an over five-month low on Thursday, hurt by U.S. President Donald Trump's threat of a 25% tariff on the Asian country's exports, and the central bank likely stepped in to arrest its fall towards a record low, traders said. The rupee slipped to 87.74 per U.S. dollar before paring losses to quote at 87.56 as of 11:30 a.m. IST, down 0.2% on the day. The currency, within touching distance of its all-time low of 87.95 hit in February, is down...