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Dollar vs Rupee: The Indian rupee, standing firmly for the last three days, broke up on Friday 11 July 2025, on Friday, July 11, 2025, between US President Donald Trump’s announcement of new tariff announcements and new threats against business partner countries. The rupee lost 17 paise against the dollar to 85.85 in early trade.
Rupee weakened between new tariffs
During the current financial year, the rupee has declined by 0.36 percent. President Trump said during an interview to NBC News that his idea is to put a blanket tariff from 15 to 20 percent. Along with this, Trump has now announced a 35 percent new tariff on Canada after imposing 50 percent new tariffs on Brazil. He has warned that if Canada takes any kind of action on this, then the rates of higher tariffs will be imposed on him.
Market experts say that the rupee was expected to weaken since the new tariff imposed on Canada by President Trump. Along with this, no action is being seen in the Asian Equities and Forex yet.
Strong rupee from all three last day
Earlier, the Interbanking Foreign Money Exchange Market Rupee climbed 3 paise to close at 85.70 per dollar on Thursday. Foreign Money Traders says that the rupee closed up against the US dollar, amidst expecting an agreement between Indo-US to reach an agreement soon. On Thursday, the rupee opened firmly at 85.62 in the Interbank Forex Exchange Market.
After trading within the radius of 85.70 to 85.53 per dollar a day, it finally closed at 85.70 per dollar, which is three paise to a gain of three paise. The rupee closed at 85.73 against the US dollar on Wednesday.
