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Rupee depreciates against US dollar amid trade tariff worries
Apr-04-2025

Indian rupee depreciated against the US dollar on Friday amid trade tariff worries. Traders were cautious as India's services sector activity eased slightly in March 2025, weighed down by a marginal slowdown in sales amid softer demand conditions and easing inflationary pressures. According to the survey report, the seasonally adjusted HSBC India Services PMI Business Activity Index fell from February's reading of 59.0 to 58.5 in March, but remained above its long-run average of 54.2. On the global front, British pound weakened against other major currencies in the European session on Friday after U.S. President Donald Trump announced significantly harsher-than-expected tariffs.

Finally, the rupee ended at 85.36 (Provisional), depreciated by 06 paise from its previous close of 85.30 on Thursday. The currency touched a high and low of 85.36 and 84.96 respectively.

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