The Indian rupee weakened to a two-month low of 86.24 against the dollar, influenced by Middle East geopolitical tensions and concerns over potential U.S. pharmaceutical tariffs announced by President Trump. This decline occurred as Asian currencies generally weakened and oil prices rose due to ongoing regional uncertainty. Traders are also anticipating the Federal Reserve’s upcoming policy decision.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets