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Rupee may depreciate to 88.5 per USD amid fresh US tariffs: Report

augustus 01, 2025by Reacties uitgeschakeld voor Rupee may depreciate to 88.5 per USD amid fresh US tariffs: Report

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New Delhi [India], August 1 (ANI): The Indian Rupee is likely to weaken further to 88.5 per U.S. dollar following the imposition of fresh tariffs by U.S. President Donald Trump, according to a report by ICICI Bank.

The report noted that the Rupee has already depreciated by 2.4 per cent since the beginning of the calendar year and is currently trading at 87.55 per U.S. dollar, as per the Reserve Bank of India.

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