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Rupee depreciates against dollar on Thursday amid global trade uncertainties
Sep-18-2025

Indian rupee depreciated against the U.S. dollar on Thursday amid worries over U.S. tariffs on India and global trade uncertainties. Traders overlooked the report that Union Commerce Minister Piyush Goyal has expressed confidence that India's exports would grow by around 6 per cent this year compared to the corresponding period in 2024. Besides, the rating agency Crisil has indicated that the current account deficit (CAD) of India is likely to remain under control at 1% of gross domestic product (GDP) in the current financial year (FY26), despite of the challenges faced by the economy from higher tariffs and global geopolitical headwinds. On the global front, New Zealand dollar weakened against other major currencies in the European session on Thursday, as traders speculated more interest rate cuts by the Reserve Bank of New Zealand (RBNZ) in the wake of the weaker-than-expected GDP data for the second quarter.

Finally, the rupee ended at 88.15 (Provisional), depreciated by 30 paise from its previous close of 87.85 on Wednesday. The currency touched a high and low of 88.16 and 87.93 respectively.

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