The rupee moved in a narrow range to finish at 3 paise above at 87.72 against the USD on August 12, 2025. Negative domestic equity market cues weighed in on the slide. Forex traders have been vocal about negative domestic markets and foreign fund outflows not allowing the rupee to move freely and limiting its overall gains against the greenback. The overall negative bias owing to uncertainties over the raging tariff issue between India and the US is preventing the rupee from moving at the pace. The rupee began at 87.70 at the interbank foreign exchange and moved within 87.59-87.72 during the day before settling at 87.72 (provisional), recording a mere 3 paise hike from yesterday’s close. Investors are keeping an eye on the US CPI inflation data and the breakthroughs from the talks between the US and Russia on August 15, 2025.