The Indian rupee rebounded to 85.30 against the US dollar, gaining 22 paise after an initial drop due to the US-imposed 27% tariffs on India. While exports may face pressure, India remains better positioned than China, Vietnam, and Bangladesh. Weakness in the US dollar and falling crude oil prices provided support. Investors should watch ongoing India-US trade talks, which may bring clarity on long-term impacts.
Rupee Gains 22 Paise as US Tariffs Shake Markets
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