archiveZee Business

Rupee traded in a narrow band and slipped 4 paise to 85.19 against the US dollar in early trade on Tuesday, as gains from upbeat domestic equities were offset by dollar short-covering among investors. Forex analysts noted ongoing concerns about global economic headwinds stemming from tariffs and US monetary policy, which could dampen overall demand. At the interbank foreign exchange market, the rupee opened at 85.11 and later declined to 85.19 against the US dollar, marking a 4 paise drop from its previous close. On Monday, the rupee had gained...

Rupee sustained its upward momentum for the third consecutive session, closing 12 paise higher at 85.68 (provisional) against the US dollar on Wednesday. The rally was supported by renewed foreign fund inflows and a weaker greenback. Forex traders attributed the rupee’s strength to upbeat domestic macroeconomic data and a 90-day pause on US reciprocal tariffs, which triggered broad-based buying in equities. Additionally, easing crude oil prices in the international market lent further support to the local unit. Also Read:Currency Market News: Rupee gains 26 paise to reach 85.54 vs dollar...

Rupee made a strong comeback in early trade on Friday, rising by 51 paise to 86.17 against the US dollar. This sharp gain was fueled by a positive opening in domestic equity markets, a weaker greenback, and a drop in global oil prices. The rally in the local currency follows US President Donald Trump’s decision to suspend the additional 26 per cent tariffs on Indian goods until July 9, easing trade tensions between the two nations. At the interbank foreign exchange market, the rupee opened at 86.22 against the dollar—46 paise...

Rupee extended its losing streak for the fourth straight session on Wednesday, closing 45 paise lower at 86.71 (provisional) against the US dollar, amid heightened global tariff tensions. This decline came despite the Reserve Bank of India’s decision to reduce the key interest rate by 25 basis points to stimulate growth. Forex traders noted that, although global crude oil prices fell sharply and the US dollar weakened, the Indian currency remained under pressure due to persistent foreign fund outflows and muted sentiment in domestic equity markets. At the interbank foreign...

US President Donald Trump as part of his sweeping reciprocal tariff measures has levied a 26 per cent tariff on imports from India. The announcement comes as he calls India's tariffs as 'very, very tough'. Further, he calls his move as a 'kind reciprocal' as the tariffs levied are half of what India levies on US products. Trump laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Referring April 2 as "Liberation Day",...

Rupee dropped 26 paise to 85.78 against the US dollar on Thursday morning after US President Donald Trump imposed tariffs on nearly 60 countries, including India. The US has introduced a 27 per cent tax on Indian imports, arguing that India charges high duties on American goods.  The tariffs being implemented were conceived as part of Trump's plan to reduce the US trade deficit and to rejuvenate manufacturing at home. Though expected to adversely affect India's exports to US, experts feel that India is in a relatively better position compared...

In the upcoming Union Budget 2025-26, CII (Confederation of Indian Industry) expects the government to focus on boosting the manufacturing sector under various criteria. As India's economy continues to grow, the manufacturing sector holds an important role in unlocking sustainable development and job creation. However, the sector has been facing challenges in recent years. To revive growth and create employment opportunities, the government must implement policies in the upcoming Budget 2025 that support the manufacturing sector.  In this context, these are the expectations of CII from the upcoming budget, highlighting...