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The rupee on Friday (August 29, 2025) in the initial trade rose to 87.76 against the US dollar to 87.76, weighed with the outflow of foreign funds and the demand of a month-end dollar.
Forex traders said that the rupee is under constant pressure as the weakness of Mr. Trump Tariff was being counted by a soft US dollar, which gives the local currency a place to breathe.
In the Interbank Forex Market, the rupee opened at 87.73 against the US dollar, then fell at 87.76, declining 18 money from its previous nearly.
On Thursday, the rupee rose 11 money to 87.58 against the US dollar at 87.58.
In August 2025, Anil Kumar Bhansali Anil Kumar Bhansali, Head and Executive Director of Finex Treasury Advisors LLP, Finerex Treasury Advisors LLP, “The impact of US tariff and sale by FPI remains delicate.”
Bhansali said that the US tariff is expected to weaken Indian exports to the US and deepen the trade deficit and put pressure on the rupee, putting pressure on import costs and thus promoting domestic inflation.
Rupee opened a tade weak and is likely to be in the range of 87.40–87.90 for the day, with a close watch on RBI to protect the rupee with a close watch.
The Reserve Bank of India on Thursday (August 28, 2025) said in its latest bulletin, continuing uncertainties related to American trade policies, creating a negative risk for overall demand in the Indian economy, while inflation attitude for near -term has become more beauty than before.
Meanwhile, the government is working on expanding the support measures for exporters, such as the rollout of the export promotion mission, and according to an official, a adjournment on a loan to help insulating the US with the impact of 50 percent tariffs on Indian goods.
The government official also said that this is a wake-up call and an opportunity to diversify the export basket.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, increased 0.18% to 97.99.
Published – August 29, 2025 10:27 AM IST
