Rupee decline driven by tariffs and import surge
after close1 source ↓written by the desknot a recommendation
The rupee's sharp decline to ₹90 per dollar is attributed to tariff-related export pressure and a surge in gold imports, impacting the current account. Key sectors like textiles, gems & jewellery, and pharma are affected. However, expert Pankaj Tibrewal suggests this weakness may be temporary, citing narrowing inflation differentials and a low interest-rate gap.
• Export momentum could return once tariff issues are resolved.
• Long-term fundamentals remain strong, potentially stabilizing the rupee.
Not investment advice. For informational purposes only.