Rupee falls 8 paise to settle at 85.77 against U.S. dollar
The Hindu
Rupee weakens against dollar due to month-end demand from importers and greenback's recovery, closing at 85.77.
The rupee weakened by 8 paise to close at 85.77 (provisional) against the U.S. dollar on Thursday (March 27, 2025), as month-end dollar demand from importers, coupled with the greenback's recovery against major currencies, weighed on the rupee.
The U.S. dollar strengthened after U.S. president Donald Trump late on Wednesday (March 26, 2025) announced long-promised 25% tariffs on automotive imports, set to take effect on April 2.
Forex dealers said the rupee is also facing renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the U.S. currency from importers.
However, positive domestic markets and foreign fund inflows cushioned the downside.
At the interbank foreign exchange, the rupee opened at 85.90 and touched the high of 85.73 against the greenback during the day.
The unit later turned volatile and hit the day's low of 85.93 before ending the session at 85.77 (provisional) against the dollar, 8 paise lower from its previous closing level.
On Wednesday, the rupee settled higher by 3 paise at 85.69 against the U.S. dollar.
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