As the US imposed a heavy 50% tariff on several Indian products, it was expected that the rupee would end up being on the lower side against the greenback on August 28, 2025. However, it closed at 6 paise higher than the USD on the back of a decline in crude oil prices. The effect of the 50% tariff imposition was, however, felt as domestic equities ended lower, which erased some gains made by the rupee today. The rupee began its journey at the interbank foreign exchange at 87.56 against the USD. It traded within 87.53-87.68 during the day before finishing at 87.63 (provisional), recording a 6-paise hike from its earlier close.