Rupee gave up early gains post Trump's Mexico, Canada tariff threat

Quick Summary:

The local currency is expected to trade in a range of 86.20 per dollar to 86.75 per dollar.

The yield on the benchmark US 10-year Treasury rose to 4.57 per cent after the tariff warning to Canada and Mexico, recovering from a significant drop from its recent high of 4.80 per cent to 4.50 per cent.

This followed US President Donald Trump’s announcement of plans to impose 25 per cent tariffs on Canada and Mexico from February 1, said dealers.

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Category: BusinessFinance

Markets: IndiaCanadaChinaMexico

Topics: Indian rupee vs dollar Trump sanctions Rupee falls RBI Indian rupee today INR vs USD Indian Rupee vs UD Dollar Indian Currency Rupee contracts INR today Indian Economy

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 19:55:30 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 476 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 25324404

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