The Indian rupee fell for the fifth successive session to close 11 paise down at 87.69 against the US dollar as anxiety regarding the looming tariff increases kept investor morale in the doldrums. A new set of levies has been causing traders and exporters to prepare their risk due to their suggested effect on currency markets. The rupee is now down by 2.5 per cent in the course of its current financial year and 2.39 per cent during 2025 till now with a small decrease of 0.11 per cent in the month of August alone.
The rupee dip is in lieu of a draft notice published by the US Department of Homeland Security stating the intentions of US President Donald Trump to impose tariff of 50 per cent against Indian products. The heightened responsibilities will apply to Indian fruits and vegetables that are entered for consumption or withdrawn at the warehouse to be consumed after 12: 01 AM EDT of 27 August 2025. The market is worried about the eventuality of interfering with trade and the effects on the exporters leading to a conservative attitude towards the local currency.
At the same time, the US dollar saw a certain volatility as tensions continue between President Trump and the Federal Reserve. Trump took steps to fire Fed Governor Lisa Cook over allegations of falsifying documents in mortgage loan applications, and also hinted at restrictions on exports of chips because of the digital services taxes by other nations. This added to the ups and downs within the international markets, but the dollar index, which measures the value of the greenback against six leading currencies, dipped by 0.14 per cent to 98.29.
In commodities market, the price of crude oil was reduced during the Asian trading topics because it had already gained some amount of its previous valuation in the previous purchases. Brent crude decreased by 1.48 per cent to reach $67.78 per barrel, and WTI crude was down 1.65 per cent to the US $63.73 per barrel as of 3.35 PM IST.
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