The Indian rupee opened 17 paise stronger at 87.51 per US dollar on Thursday, compared with the previous close of 87.68. The recovery comes on likely intervention and support from the Reserve Bank of India (RBI), even as fresh US tariffs on Indian goods took effect.
The United States has imposed an additional 25% tariff on Indian imports, starting August 27, 2025, following a directive from President Donald Trump. According to the Department of Homeland Security, the higher duties apply to products “entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. EDT on August 27.”
The new tariffs are part of Washington’s broader trade measures linked to its national security stance against Russia. India has been targeted in the process, with tensions between New Delhi and Washington escalating after the US doubled tariffs on Indian exports to 50% earlier this year in response to India’s purchases of Russian crude oil.
Market watchers noted that the rupee continues to hover in the 87–88 range, with RBI interventions playing a key role in cushioning volatility.
