India
2025-08-26 20:34
IndustriaRupee Loses Track as US Issues a Tariff Draft
The rupee lost as much as 12 paise against the USD to settle at 87.68 (provisional) on August 26, 2025, amid the issuance of a draft notice by the US declaring its plans to impose an additional 25% on products shipped from India.
According to forex traders, the rupee gave in to the early momentum owing to worries prevailing over the 25% additional US tariff on Indian goods, likely to be in effect from August 27. It resulted in robust dollar demand from importers.
The rupee started at 87.74 at the interbank foreign exchange market, reached an early high of 87.63 and hit an intraday low of 87.80 against the greenback.
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Rupee Loses Track as US Issues a Tariff Draft
The rupee lost as much as 12 paise against the USD to settle at 87.68 (provisional) on August 26, 2025, amid the issuance of a draft notice by the US declaring its plans to impose an additional 25% on products shipped from India.
According to forex traders, the rupee gave in to the early momentum owing to worries prevailing over the 25% additional US tariff on Indian goods, likely to be in effect from August 27. It resulted in robust dollar demand from importers.
The rupee started at 87.74 at the interbank foreign exchange market, reached an early high of 87.63 and hit an intraday low of 87.80 against the greenback.
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