By Admin 
Rupee vs dollar: The Indian rupee stands firmly for the third consecutive day due to the tariff letter sent by US President Donald Trump to many countries. On Thursday 10 July 2025, the rupee climbed 6 paise to 85.62 against the US dollar during early trade. However, during the current financial year, there has been a decline in Indian currency of 0.15 percent. Despite the decline in the stock market, this strength is being seen in the rupee.
A day earlier on Wednesday, the rupee closed at 85.73 per dollar in the Interbanking Forex Market. Foreign Money Traders says the market’s sentiment has also been affected due to strengthening of US dollars in foreign markets and being close to $ 70 per barrel in foreign markets.
Constant strength in rupee
On Wednesday, the rupee opened at 85.84 against the dollar in the Interbanking Forex Market. But after trade in the radius of 85.93 to 85.65 per dollar a day, it finally closed at 85.73 per dollar. On Tuesday too, the rupee closed with a gain of 21 paise as compared to the dollar.
According to Jatin Trivedi, Vice Research Analyst (commodity and currency) of LKP Securities, there was some relief on the conversation on the trade deal and the tariff for some time. While the Indian rupee got stability, it has also found a large extent in stopping the decline.
50 percent tariff on Brazil
Here, Trump has imposed a huge tariff of 50 percent on Brazil. Whereas, 30 percent tariff was imposed in Iraq, Libya and Algeria. Whereas Sri Lanka will now have to pay a tariff of 25 percent for exporting goods in America. Along with this, Trump also said that from August 1, we will start taking 50 percent tariff on copper exports to America. However, here, the US Federal has indicated that whatever inflation due to the tariff will not be affected by their rate deduction plan.
Also read: Gold and silver price reduced today, know the fresh price of your city on 10 July 2025