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Rupee appreciates against dollar despite US’ punitive tariffs come into force
Aug-28-2025

Indian rupee appreciated against the U.S. dollar on Thursday despite U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect from August 27, 2025. Traders overlooked Crisil’s report that uncertainties surrounding the US tariffs might be a new hindrance to capital expenditure decisions in the current financial year (FY26). Besides, the rating agency ICRA estimated a muted revenue growth of 5-6% in Q2FY26 for India Inc. On the global front, U.S. dollar weakened against other major currencies in the Asian session on Thursday, after the Fed official left the door open for an interest rate cut next month.

Finally, the rupee ended at 87.58 (Provisional), appreciated by 11 paise from its previous close of 87.69 on Tuesday. The currency touched a high and low of 87.68 and 87.53 respectively.

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