The Indian rupee showed signs of recovery as it climbed to 87.65 against the US dollar following a record low. This rebound was attributed to the decrease in crude oil prices and potential intervention by the Reserve Bank of India (RBI). However, economic apprehensions persist due to recent tariff impositions by President Trump and the US Federal Reserve’s decision to maintain interest rates, impacting market sentiment negatively. The local equities market also experienced a decline with substantial selling by foreign institutional investors.
