Rupee Opens 4 Paise Lower at 90.92 Amid Tariff Uncertainty
Weak Opening: Rupee opened at 90.92, down 4 paise vs dollar despite weaker dollar index. Trade uncertainty continues weighing on currency sentiment.
Tariff Policy Chaos:
US Supreme Court struck down Trump's emergency tariffs, but President immediately floated 15% blanket tariff under alternative authority, creating policy confusion.
FII Outflows Continue:
Foreign investors sold ₹934.61 crore worth equities on Friday. Persistent FII selling and weak domestic markets pressure rupee for fourth session.
Mixed Support Factors:
Weak US GDP (1.4% vs 3% estimate), lower crude oil prices provide some support. Dollar index down 0.35% at 97.45 level.
Trading Range Expected:
Analysts project rupees to trade between 90.60-91.30. Geopolitical tensions (US-Iran, Greenland dispute) and trade uncertainty maintain downward bias on currency.