Rupee Gains 3 Paise to Close at 87.69 Against Dollar

Rapid Summary

• The Indian rupee strengthened slightly, gaining 3 paise to settle at ₹87.69 against the U.S. dollar on August 7, 2025.
• U.S. president Donald Trump imposed an additional 25% tariff on key Indian exports, doubling duties to a total of 50%. this move is expected to impact sectors like textiles, marine products, and leather goods selectively exported from India.
• These tariffs are part of penalties targeting Indian oil imports from Russia; other nations such as China and Turkey face lower tariffs (30% and 15%, respectively). India and Brazil both face a maximum tariff rate of 50%.
• India called Trump’s decision “unfair” and “unjustified.” The rules will take effect in three weeks.
• Domestic equity markets showed moderate gains: Sensex rose by 79 points to close at 80,623 while Nifty gained nearly 22 points ending at 24k sep.

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