The Indian rupee closed 2 paise lower at 85.52 against the US dollar, pressured by trade tariff concerns and rising crude oil prices. Positive domestic markets and a weaker dollar limited losses. Forex reserves rose for the third week to $658.8 billion, while India’s manufacturing PMI hit an 8-month high of 58.1. Analysts expect rupee volatility ahead as foreign fund outflows and global uncertainties weigh on sentiment.
Rupee Falls 2 Paise to Close at 85.52/USD
