By laksh5382 
Rupee Crossed his initial loss and settled over 22 money at 85.30 (provisional) against the US dollar on Thursday, as US President Donald Trump weakened Greenback against his leading colleagues after highlighting the mutual tariff on about 60 countries.
The domestic unit saw a knee shock response to the initial trade, but soon got back the lost ground and the day ended on a positive note, the US announced a 27 percent mutual tariff on India, saying that New Delhi implements high imports on American goods.
However, experts said that India is better than its rivals, which also face increased levy.
In interbank foreign currency, the rupee opened at 85.77, then an intrade high of 85.30, and touched a low of 85.78 against Greenback. The unit finished the session at 85.30 (provisional) against the dollar, registering the benefit of 22 Paisa from its previous end level.
On Wednesday, the rupee settled at 85.52 against the US dollar.
American mutual tariffs are expected to affect India’s exports of India’s exports to the US, said that India has been kept better than its rivals, including Bangladesh (37 percent), China (54 percent), Vietnam (46 percent) and Thailand (36 percent), which faced.
Meanwhile, according to an official statement on Thursday, the Department of Commerce is carefully examining the implications of American mutual tariffs over India and is associated with all stakeholders, including domestic industries and exporters to take their feedback on the issue.
The Ministry of Commerce said that it is also studying opportunities that may arise due to this new development in the US trade policy.
It has also been said that there is a discussion between Indian and American trade teams for early conclusion of a mutually beneficial, multi-regional bilateral trade agreement (BTA).
BTA will cover a series of issues of mutual interest, including the supply chain deepening integration.
Meanwhile, the dollar index, which detects the strength of greenback against a basket of six currencies, was trading 1.65 percent less at 102.09.
Global Oil Benchmark Brent crude fell 4.10 percent to $ 71.88 per barrel in futures trade.
In the domestic equity market, the 30-cheer BSE Sensex fell 322.08 points or 0.42 percent to settled at 76,295.36, while Nifty fell by 82.25 points or 0.35 percent and closed at 23,250.10 points.
According to exchange data, foreign institutional investors (FII) on Wednesday launched a price of 1,538.88 crores on a pure basis.
Published on 3 April 2025