💨 Abstract

The Indian rupee depreciated by 19 paise against the US dollar on Friday, closing at 87.37. The strength of the American currency, negative domestic equity trends, and FII outflows are blamed for the decline. The US's ongoing uncertainty over tariff imposition has left financial markets unstable. Additionally, the Reserve Bank conducted a USD 10 billion swap auction to inject long-term liquidity into the system.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖