Equity market participants have had a roller coaster month so far, with Trump imposing reciprocal tariffs on all countries on April 2, including 26% on India, and then announcing a 90-day pause on tariffs just before its final implementation. Such moves have increased uncertainty in the markets world over.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.