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Tariff woes: Rupee sees worst fall in three weeks

Financial Express Bengaluru

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July 08, 2025

THE INDIAN RUPEE slumped on Monday as uncertainty about US tariff policies resurfaced with President Donald Trump's threat of a fresh 10% levy on BRICS countries compounding pressure on the local currency alongside peers like South African rand and Chinese yuan.

- JASPREET KALRA

Worries over U.S. trade policies dented risk sentiment across the board, pushing Asian currencies and equities into the red while US equity futures pointed to a weak return from the long weekend.

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