The Indian Rupee is showing strength for the third day in a row, even as U.S. President Donald Trump continues to issue tariff warnings to several countries. On Thursday, July 10, 2025, the Rupee opened 6 paise stronger at ₹85.62 per U.S. dollar during early trade. This comes despite a slight overall decline of 0.15% in the Rupee so far in the current financial year.
Rupee Stays Firm Despite Market Pressure
On Wednesday, the Rupee ended steady at ₹85.73 per dollar in the interbank forex market. Traders say the Dollar is gaining strength in the global markets, and crude oil staying around $70 per barrel is also affecting investor sentiment.
Still, the Rupee is holding its ground. On Wednesday, it opened at ₹85.84, traded between ₹85.93 and ₹85.65, and finally closed at ₹85.73. On Tuesday, the Rupee had already strengthened by 21 paise.
Expert Opinion
According to Jatin Trivedi, Vice Research Analyst (Commodities & Currencies) at LKP Securities, talks around trade deals and the delay in imposing some tariffs have given temporary relief. This has helped stabilize the Rupee and control further weakening.
Heavy Tariffs Imposed by Trump
Meanwhile, Donald Trump has announced:
- A 50% tariff on Brazil
- A 30% tariff on Iraq, Libya, and Algeria
- A 25% export tax on goods from Sri Lanka to the U.S.
- A plan to apply a 50% tariff on copper imports to the U.S. starting August 1
Despite these aggressive moves, the U.S. Federal Reserve has clarified that expected inflation due to tariffs will not affect their plan to cut interest rates in the future.
Conclusion
Even though global markets are under pressure from new tariff policies, the Indian Rupee is standing firm. Strong domestic fundamentals and temporary relief from global uncertainty are helping the currency stay stable. All eyes are now on how long this momentum can continue as trade tensions grow.