Indian Rupee Pressured by Tariff Tensions and Dollar Strength
The Indian rupee was reported to have weakened on Thursday as renewed tariff tensions and dollar demand from foreign banks applied downward pressure on the currency. According to market participants, the rupee had declined by nearly 0.3% by late morning, with the exchange rate touching 85.8650 against the U.S. dollar as of 11:30 a.m. IST. […]