USD to INR Update: Rupee Opens Weak Amid Tariff Tensions

The Indian rupee opened on a softer note against the U.S. dollar, slipping to ₹87.72 per USD, about 14 paise lower than the previous close. This marks the fifth straight session of depreciation, reflecting growing market unease.

The weakness comes amid heightened concerns over U.S. trade tariffs, with Washington set to implement duties of up to 50% on certain Indian goods. The move has spurred dollar demand from importers and traders, putting pressure on the local currency.

While the U.S. dollar index eased slightly, the rupee struggled to find support due to foreign portfolio outflows and cautious investor sentiment. Analysts say the Reserve Bank of India (RBI) may intervene if the currency approaches key psychological levels, but volatility is likely to persist in the short term.

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