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Clouds gather over rupee on tariff worries, persistent outflows
short by / on Friday, 1 August, 2025
The Indian rupee is expected to open slightly weaker on Friday, with traders expecting the currency to hold a depreciation bias in the near term amid worries over the impact of steep US tariffs on Indian exports and persistent portfolio outflows. India remains a strategic partner for the US and stands to benefit from opening up its large market.