Rupee hits another low at 87.8/$ as Trump’s threats escalate
The rupee plummeted to a record closing low of 87.8 against the dollar amid escalating US-India trade tensions fueled by potential tariff hikes. Equities weakened, with the Sensex and Nifty declining. Foreign investors offloaded shares worth ₹2,567 crore. While a weaker rupee could cushion the tariff impact by boosting exports, it also raises import costs and inflationary pressures.🕒 1 min read
The rupee plummeted to a record closing low of 87.8 against the dollar amid escalating US-India trade tensions fueled by potential tariff hikes. Equities weakened, with the Sensex and Nifty declining. Foreign investors offloaded shares worth ₹2,567 crore. While a weaker rupee could cushion the tariff impact by boosting exports, it also raises import costs and inflationary pressures.
Continue Reading
- What Happens When You Eat Too Many Pumpkin Seeds
-
England’s Jamie Overton Ruled Out Of West Indies White-Ball Series
- India A vs South Africa A, 2nd Unofficial Test Day 2, Live Score: Prasidh Krishna Strikes Twice As India A Stun SA A
-
How To Craft A Thali That’s Light, Hydrating And Nutritious Too
- India vs Australia 1st ODI Live Streaming: When And Where To Watch Live Telecast
- The Hundred 2026 Auction Live Updates: SRH Criticised After Rs 2.34 Crore Bid For Pakistan Star
- ‘Strong GDP, weak pulse’: India’s growth masks deep economic faultlines, says report
- Enforcement Directorate Questions Pinarayi Vijayan’s Daughter
- More Trouble For Abhishek Banerjee, Tripura Court Summons Him In 2021 Case
-
US ‘Very Close’ To Making Trade Deal With India, Says Trump
