By Admin 
Dollar vs rupee: Despite 50 percent of the US tariffs on Indian goods, the rupee rose above the pressure, describing the dollar in the currency ring on Thursday 28 August 2025, a 10 paise. After this, the Indian rupee reached 87.59 during early trade as compared to the dollar. The market was closed due to Ganesh Chaturthi on Wednesday, while the rupee closed at 87.68 on Tuesday i.e. on Tuesday.
Rupee defeated high tariff pressure
The additional 25 percent penalty imposed by the US came into effect on Wednesday morning at 9.15 am Indian time. This tariff has been imposed on India due to buying oil from Russia, while a base tariff of 25 percent is already applicable. Despite the Bhurajnic tension, the Indian rupee was strengthened by the intervention of the Reserve Bank of India (RBI) and stood against the dollar.
stock market crash
Forex traders say that the RBI intervened to protect the local currency from crossing its all -time low level, giving the rupee additional support. However, the withdrawal of foreign capital and weak domestic stock market limited the rapid growth of local currency.
In the Interbank Foreign Exchange Market, the rupee opened at 87.56 against the dollar and then reached 87.59 per dollar, which shows a gain of 10 paise in the previous closed price. Meanwhile, the dollar index, depicting the US dollar position compared to six major currencies, fell 0.16 percent to 98.07.
Domestic stock market and crude oil
In domestic stock markets, the Sensex slipped 508.16 points in early trade to 80,278.38 and the Nifty fell by 157.35 points to 24,554.70 points. International standard Brent crude fell 0.76 percent to $ 67.53 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Tuesday and purely sold shares worth Rs 6,516.49 crore.
ALSO READ: Share Market Today: Trump tension broke the market badly, 650 points fell, 4.14 lakh crores in investors in a few minutes