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Indian rupee depreciates on Tuesday as tariff war persists
Apr-22-2025

Indian rupee depreciated against the US dollar on Tuesday as the tariff war persisted. Traders were worried as Ministry of Commerce & Industry in its latest data has showed the output of eight key infrastructure sectors slowed down to 3.8 per cent (provisional) in March 2025, as against 6.3 per cent growth registered a year ago. On a monthly basis, the growth rate in the production of these sectors was slightly higher than the 3.4 per cent (provisional) expansion recorded in February. On the global front, Japanese yen strengthened against other major currencies in the Asian session on Tuesday, amid rising consensus that the Bank of Japan (BoJ) will continue hiking interest rates in 2025. 

Finally, the rupee ended at 85.19 (Provisional), depreciated by 03 paise from its previous close of 85.16 on Monday. The currency touched a high and low of 85.23 and 85.07 respectively.

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