💨 Abstract

The Indian rupee weakened on Friday, falling to a key support level of 87.40 due to renewed worries over U.S. tariffs and a risk-off mood. Asian currencies also faced pressure, as U.S. President Donald Trump announced tariffs on Canada and Mexico, with Canada vowing swift retaliation. The Reserve Bank of India intervened on Thursday to prevent further decline.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖