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Rupee depreciates against US dollar on Friday amid trade tariff uncertainty
Jul-11-2025

Indian rupee depreciated against the US dollar on Friday on weak domestic markets and risk-off sentiments amid trade tariff uncertainty. Traders took a note of domestic ratings agency Crisil’s statement that private asset reconstruction companies' assets under management (AUM), measured in terms of security receipts, is set to decline by up to 6 per cent in FY26 to Rs 1.05 lakh crore as redemptions are outpacing acquisitions. It said this is on top of a 15 per cent decline in the AUM in FY25, pitching for a slew of changes that such entities need to adopt going forward. Traders overlooked the exchange data showing that Foreign Institutional Investors (FIIs) bought equities worth Rs 221.06 crore on Thursday. On the global front, Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.

Finally, the rupee ended at 85.80 (Provisional), depreciated by 10 paise from its previous close of 85.70 on Thursday. The currency touched a high and low of 85.91 and 85.76 respectively.

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