INR TRYING TO STABILIZE AFTER RECENT LOSSES

Published on Mar 12, 2025 12:26

The Indian Rupee is trying to stabilize today following recent weakness though a nervous undertone in local equities kept overall mood tepid. INR tumbled earlier this week as India-US trade worries continued to weigh on the sentiments. US President Donald Trump stated on Friday that India charges massive tariffs and noted that the US can`t sell anything in the country. This pulled Rupee well beyond 87 per US dollar mark. INR currently quotes at 87.25, down 4 paise on the day against the US dollar. Meanwhile, the US dollar index is hovering around five month low near 103 mark as worries over a US recession and cautiousness ahead of the inflation data weighed the index down.