
Rupee rises 6 paise to close at 87.63 against USD
MUMBAI [Maha Media]: The rupee rose by 6 paise to close at 87.63 (provisional) against the US dollar on Thursday aided by a weaker greenback and a decline in crude oil prices.
However, concerns over additional US tariffs on Indian products, which kicked in on Wednesday, and a decline in domestic equity markets capped gains in the local unit, according to forex traders.
The US government has imposed a total of 50 per cent tariffs on Indian exports to America, barring a few sectors.