
Rupee rises 34 paise to 84.96 against USD
MUMBAI [Maha Media]: Rupee appreciated 34 paise to 84.96 against the US dollar in early trade on Friday, as the greenback's broad-based weakness following the impact of Trump's tariffs offered relief to emerging market currencies, including the rupee.
The key catalysts for the rupee's rebound include the fall in crude oil prices and the weakness of the American currency in the overseas market.
Forex traders said the American currency weakened amid concerns surrounding inflationary pressures following the impact of tariffs and a potential recession in the United States.