Reciprocal U.S. trade tariffs proposed by President Donald Trump are unlikely to have a significant negative bearing on the rupee, the head of global foreign exchange at Jefferies said. Last week, Trump unveiled plans to levy reciprocal tariffs on all countries that have tariffs on U.

The Indian rupee hit a record low on Monday, reaching 87.95 per dollar at the opening of the day, weighed down by the latest tariff threats announced by US President Donald Trump. In its daily analysis,

The Indian rupee recorded its strongest weekly performance in over 18 months, influenced by the dollar's reaction to its recent correction and the easing of concerns over U.S. tariffs. According to Reuters, the rupee closed at 86.8225 against the U.S. dollar, appreciating by 0.7% over the week.