Rupee Steadies Amid Tariff-Driven Uncertainty

Despite headlines centered on U.S. protectionism, the Indian rupee remained anchored today at around ₹83.5 to the dollar. Traders attributed this firmness to expectations of active Reserve Bank intervention, along with reassurances from policymakers. Analysts noted that the RBI’s reserves and prior communication have built credibility that limits panic‑driven currency moves.

International capital flows remain cautious but intact. India’s macro fundamentals—including a steady 6.5 percent GDP growth projection, controlled inflation, and manageable current account deficit—continue to underpin confidence, even as trade tensions rise. Exporters may face headwinds, yet the financial system’s stability and robust reserve buffers suggest circular volatility without structural dislocation. Economic commentators foresee that carefully calibrated intervention and communication will continue to reinforce resilience until the tariff window expires later this month.