Rupee regains ground ahead of RBI rate call; US tariff risks linger
bank
's policy decision, set against the backdrop of fresh trade frictions with the United States.
The rupee was quoted at 87.74 against the U.S. dollar at 09:42 am IST, up from 87.80 on Tuesday. The Indian currency recovered despite losses in most Asian peers.
Productivity Tool
Zero to Hero in Microsoft Excel: Complete Excel guide
By Metla Sudha Sekhar
View Program
Finance
Introduction to Technical Analysis & Candlestick Theory
By Dinesh Nagpal
View Program
Finance
Financial Literacy i e Lets Crack the Billionaire Code
By CA Rahul Gupta
View Program
Digital Marketing
Digital Marketing Masterclass by Neil Patel
By Neil Patel
View Program
Finance
Technical Analysis Demystified- A Complete Guide to Trading
By Kunal Patel
View Program
Productivity Tool
Excel Essentials to Expert: Your Complete Guide
By Study at home
View Program
Artificial Intelligence
AI For Business Professionals Batch 2
By Ansh Mehra
View Program
"At these levels, the rupee will move on its own momentum and today's decision adds another layer," a currency trader at a private bank said.
"
Markets
are firmly positioned for no change in rates, especially after U.S.
tariff
developments. A rate cut now would be a real surprise and could trigger a decent reaction."
The Reserve Bank of India will announce its
interest rate
decision at 10:00 a.m. IST. A majority of economists in a Reuters poll expect the key policy rate, which stands at 5.50%, to remain at the same level.
Live Events
Major lenders, including
State Bank of India
and
ICICI Bank
, are calling for a rate cut, citing the need to support growth.
The RBI's policy decision comes at a time of escalating trade tensions between India and U.S. following President
Donald Trump
's fresh threat of substantial tariffs over India's continued purchases of Russian oil.
The remarks have unnerved markets and added pressure on the rupee, which was within a whisker of its all-time low of 87.95 on Tuesday.
With uncertainty around how far Washington might go on tariffs, traders are closely watching how much the central bank will factor in these external risks while framing its policy guidance.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The Hindu
23 minutes ago
- The Hindu
Direct impact of higher tariff likely to be limited: SBI head
State Bank of India Chairman Challa Sreenivasulu Shetty on Saturday said the direct impact of the higher tariff scenario unfolding in the U.S. is likely to be limited not just on books of the bank, but also on India given the geographical spread and basket of exports from the country. Textiles, gems and jewellery and aquamarine are among a few industries bound to be impacted given their exports are predominantly to the U.S. and consequently may require some hand holding. Though exposure to the industries is limited, if need be banks will get involved in 'how do we protect [them] along with the government of India if the tariff issue is not resolved faster,' he told mediapersons after launching SBI General Insurance's 30 specialised health insurance branches across Andhra Pradesh and Telangana at a function in Hyderabad. On likely relief measures banks could provide, Mr. Setty said, 'We are working with the regulator. It's too early to talk... we are confident some resolution will happen on tariffs since India is not alone as several other countries are also facing tariff issues. The uncertainty surrounding tariffs should be addressed at the earliest.' Will restructuring be one of the relief measures, the SBI head said 'I think it's too early. Let's not go there. I'm sure there will be some solution for this tariff related.' Mulling two IPOs To a query on plans for an Initial Public Offering of the general insurance subsidiary, he said SBI General Insurance and asset management subsidiary SBI Mutual Fund are the two serious candidates in the Group being considered for listing. 'But the timelines are not decided yet,' he added. On further tweaks to bancassurance norms are required, he said lot of reforms have happened in recent times to the insurance distribution model involving the banks. It is a powerful channel, he said, adding the focus should be on ensuring right selling happens. 'Nobody should be sold a product which is not suitable for them. Everyone of us is working towards that... [be it] insurers, banks, policymakers and regulators while ensuring insurance penetration grows.' Though the number of policies customers cancel within the free look period is miniscule, SBI General Insurance analyses such cases to ensure that it is not account of mis-selling. Additionally, the cases are also looked into by the internal ombudsman, he said. SBI General Insurance MD and CEO Naveen Chandra Jha said the insurer is piloting the concept of dedicated offices for health insurance branches from the two States and may extend it to Odisha, West Bengal, Bihar and Jharkhand next.
India.com
23 minutes ago
- India.com
Built empire worth billions from borrowed Rs 1500, man who sent ex Pakistan PM Imran Khan to jail is now on the run due to..., his name is...
New Delhi: Pakistan is a country that never fails to amaze, amuse, and shock, whether it is the politics of the country, sports, economy, army, or civil society. The latest news is about one of the most influential and rich builders of Pakistan, Malik Riaz Hussain, who is reported to have had access to the power corridors. Malik Riaz Hussain had been active in the country's affairs for a long time. It is alleged that it is because of him that former Prime Minister Imran Khan was jailed. Now, he is in the clutches of the law. Who is Malik Riaz Hussain, and why is he in the news? Malik Riaz Hussain, as mentioned above, is one of the most influential and rich builders of Pakistan with access to the power corridors of the country. Now, he is in the clutches of the law. His Bahria Township is considered the pride of Pakistan, but now his properties are being auctioned. Pakistan's National Accountability Bureau (NAB) has auctioned three properties of Malik to recover the lost money. The story of Malik Riaz Hussain is no less than a fairy tale. Malik was considered the most powerful and influential person in Pakistan for years. He not only had access to big leaders but also had close relations in the army and media. Due to these relations, he often escaped difficulties. But this time, it seems that luck has left him. What is the story behind the loan of 1500 rupees? Malik's story started about 40 years ago as a contractor. At that time, his family did not have enough money to treat their newborn daughter. For this, the family had to sell their silver utensils. But after that, in 1979, Malik borrowed 1500 rupees from his friend and applied for a contract in the engineering wing of the army. After this, Malik's luck shone so much that he reached the list of the richest people of Pakistan. How did he become an outlaw? Malik spent lots of money on army officers and politicians. In return, he started getting big contracts, thereby earning a lot of status and money and getting close to politicians, judges and military officers. He used to say openly that he had bribed not only politicians but also judges and ISI officers. He developed Pakistan's first gated colony, named Bahria Town. He also got huge replicas of the Eiffel Tower and the Statue of Liberty installed on the hill of the colony. When the noose started tightening in Pakistan, he fled to the UAE. What is the secret of 190 million pounds? The root of this story is linked to a big settlement deal of 190 million pounds (about 2200 crore Indian rupees). In 2019, Britain's National Crime Agency (NCA) claimed that Malik Riaz agreed to pay 190 million pounds as a settlement of the ongoing investigation in the UK. It was alleged that this money was obtained from the proceeds of crime. Later, under an agreement, it was decided that this amount would be given to the Pakistani government. How did Imran Khan end up in jail because of Riaz? The real game started from here. Allegations were made that instead of depositing this money in the government treasury, the government of the then Prime Minister Imran Khan used it to pay the fine imposed on Malik Riaz for illegal land acquisition in Karachi. Now, Al-Qadir Trust comes into the scene. Former Prime Minister Imran Khan and his wife were accused of taking a bribe from Malik Riaz. It was said that with the help of this money, Imran Khan took land from Malik Riaz and used it for his trust. In this case, Imran Khan was also sentenced to 14 years in January 2025.
Mint
23 minutes ago
- Mint
Trump tariffs impact? Viral Instagram video shows hike in clothing prices at Walmart
Mercedes Chandler, an Instagram user, has recently shared a video from inside a Walmart store in the United States, claiming that President Donald Trump's tariffs, which came into effect on 1 August, 2025 are directly causing price hikes across clothing sections and other items. In the video, which has now gone viral, Chandler walks through Walmart and shows price tags on clothes and other items with original, lower prices removed or covered up and new, higher prices marked. The video is captioned 'Donald Trump's tariffs are in full swing!" by the user who points to various products, including clothes of children and a backpack. 'Guys, the tariffs are in active effect," Chandler says. 'Look at these clothes in Walmart. All the tags have these bottom pieces ripped off, but then you find one with the bottom still on – $10.98. The price is raised to $11.98.' they said. 'This is the effect of Donald Trump's tariffs." Chandler continues, showing an outfit from the children's section marked up from $6.98 to $10.98, and a backpack that previously sold for $19.97, now priced at $24.97.' 'That is a $4 increase," Chandler points out, adding that many price tags have been covered with white stickers to hide the original price. 'If you don't believe me, go to your local, whether it be Walmart or Target and check this out for yourself," Chandler says in conclusion. Netizens flooded the comment section of the post with a wave of different reactions. While most of the users criticized this change, some comments also took a sarcastic turn. One user commented: 'Was it worth it? Are we great yet?" Another added sarcastically, 'Wasn't China supposed to pay those tariffs?" A supermarket employee shared their first hand experience of altering tags, 'When i am assigned to rip prices off of clothes I purposely leave a few price tags on so y'all can see the difference.' One user also said, 'So many clothes are coming from India and other countries and he raised tariffs to 50% so we have to suffer.' After Donald Trump assumed office in the White House, he reintroduced tariffs on a wide range of imports, arguing that these tariffs will make foreign goods more expensive which will give a competitive edge to American manufacturers. Within the last few weeks, Trump has imposed an additional 25 per cent tariff on all Indian goods, bringing the total to 50 per cent. China also faces a 30 per cent tariff, even though it's comparatively lower than India. India's textile exports to the US stood at $35.87 billion in 2023-24. Readymade garments accounted for 41 per cent of that volume. The US is India's largest textile export market. In 2023-24, the US imported textiles worth $10.05 billion, accounting for 28 per cent of India's overall exports. Apparel makes up the largest share of the export pie, Mint reported earlier.
