Rupee edges up as local factors eat into US tariff ruling-driven gains - Reuters
Rupee edges up as local factors eat into US tariff ruling-driven gains Reuters
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"The rupee opened stronger after the US Supreme Court's decision on tariffs caused the dollar index to fall."
— Anil Kumar Bhansali , Executive
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<a href="https://news.google.com/rss/articles/CBMiwwFBVV95cUxQQl9ILVdBRGdPNU1QbjRiVUVqakNvcC0yQjNTX2JTS00weGxiaTNXX1EtNGhaS1NacVc0Nkt5V0FLU3lxTFJpQW5vcWs3VHc2azU4QkpoVGlGVUFDQmpUMGVlcmo3UFk5SWRoTHpfSkxUbDR4UW82VGxDR2FqQ2Z1WEhFcjBDOWR6Q0pGQ2o0MHd1TS1nQ2dJSFM3NHpOVW9HaWFFV2lhbDNHNTNYN0I2WVVjOXkwbEhLV3JOU0dWam5jaFk?oc=5" target="_blank">Rupee edges up as local factors eat into US tariff ruling-driven gains</a> <font color="#6f6f6f">Reuters</font>
The Indian rupee ended at 90.8825 per U.S. dollar, up 0.1% on the day, after opening stronger at 90.76 per dollar following the U.S. Supreme Court's ruling on tariffs. However, gains were offset by hedging demand from importers and upcoming forward contract maturities.
The Indian rupee rose against the US dollar, aided by a sharp decline in crude oil prices and a weaker greenback due to US President Donald Trump's tariff actions. The rupee opened at 90.76 against the US dollar and strengthened further to 90.73.
Analysts predict that the rupee's recent rebound may be short-lived due to inadequate foreign inflows. Despite a US trade pact expected to attract global funds, the rupee has trailed Asian peers, erasing part of its gains after the US cut tariffs on India earlier this month.
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