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Rupee depreciates against dollar on Thursday amid India-US tariff issue
Sep-11-2025

Indian rupee depreciated against the U.S. dollar on Thursday as ongoing tariff issue between India and the U.S. weighed heavily on the domestic currency's vulnerability. Sentiments were down beat as Reserve Bank of India (RBI) in its latest data report has showed that India’s outward foreign direct investment (OFDI) commitments declined 38.44% to $2097.74 million in August 2025, from $3,407.45 million in August 2024. Sequentially, they declined from $4,075.78 million in July 2025. On the global front, U.S. dollar strengthened against other major currencies in the Asian session on Thursday, as traders awaited the U.S. Consumer Price Index (CPI) for August, which is scheduled for release later in a day.

Finally, the rupee ended at 88.44 (Provisional), depreciated by 32 paise from its previous close of 88.12 on Wednesday. The currency touched a high and low of 88.49 and 88.11 respectively.

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