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Rupee logs worst day in nearly 2 weeks as tariff jitters lift dollar - REUTERS

JANUARY 29, 2025

By Jaspreet Kalra


MUMBAI, Jan 28 (Reuters) - The Indian rupee weakened along with most of its regional peers on Tuesday as comments about trade tariffs from U.S. President Donald Trump boosted the dollar a day after a selloff in U.S. technology stocks had hurt the greenback.
The rupee closed at 86.5225 against the dollar, down 0.2% on the day, its biggest one-day percentage fall since Jan. 16.
Asian currencies were mostly weaker, with the offshore Chinese yuan down 0.4% at 7.28, while the dollar index rose 0.1% to 107.9.

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