The Indian rupee weakened, breaching the 86 mark against the dollar due to equity market weakness and US trade policy uncertainty. Intraday, it touched 86.0475, recovering slightly after likely RBI intervention to close at 85.9850. With tariff concerns lingering and India awaiting US communication, the rupee is expected to remain weak, potentially testing 86.30.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets