Rupee falls 55 paise to breach 87, benchmarks remain volatile

HOWEVER, IT RECOUPED some losses as a state-owned bank sold dollars on behalf of the Reserve Bank of India (RBI) at 87.29/$, preventing the rupee from falling beyond 87.16.

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The Sensex and the Nifty fell 0.41% and 0.52%, respectively, in line with global peers. However, they managed to halve their losses after both indices declined up to 1.11% intraday. The Sensex ended the day at 77,186.74, while the Nifty closed at 23,361.05.

"It was a mixed session, as prices held strong at key support levels," said Rajesh Bhosale, technical analyst at Angel One.

Trump has imposed 25% tariffs on Canada and Mexico and a 10% tariff on China, which pushed the dollar index up by 1.01% to 109.46. He also said Europe is next in the firing line.

Oil prices rose during the day due to fears of supply disruption, though the gains were capped by concerns over what could be an economically damaging impact from the tariffs.