The Indian rupee pared previous day gains and opened slightly lower on Friday tracking firm dollar overseas. Dollar regained momentum after US President Donald Trump announced new tariffs. Besides, lingering threat to inflation from tariffs might convince the US Federal Reserve (Fed) to hold off on cutting interest rates until next year and in turn, could continue to support the greenback. INR opened at Rs 85.76 per dollar and fell to a low of 85.86 so far during the day. Yesterday, rupee pared initial gains and settled for the day higher by 4 paise at 85.69 against the US dollar. Indian shares ended Thursday's session lower as U.S. President Donald Trump intensified his tariff war strategy. The benchmark S&P/BSE Sensex ended the session down 345.80 points, or 0.41 percent, at 83,190.28 while the broader NSE Nifty index dropped 120.85 points, or 0.47 percent, to 25,355.25.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app