The Indian Rupee (INR) experiences a setback on Thursday due to heightened demands for the US Dollar (USD). Month-end pressures from importers increase the demand for USD, leading to a notable rise in the USD/INR exchange rate.

Recent economic developments, particularly concerns about potential tariff retaliations, contribute to the currency’s weakened position. Traders are navigating through evolving market conditions as the situation unfolds.

The increase in USD demand could create further challenges for the INR. As the market adapts, staying updated on monetary policies and global trade discussions will be crucial. Currency analysts recommend closely monitoring these shifts to gauge the INR’s trajectory in the near future.