The Indian rupee is seen pressured by negative cues from global equities coupled with rising international crude oil prices and dollar staying atop 104 mark. U.S. President Donald Trump announced 25 percent tariffs on auto and auto parts starting next week, ratcheting up trade tensions and heightening concerns about the path for inflation and global growth. Yesterday, rupee pared its initial losses and settled for the day higher by 3 paise at 85.69 against the US dollar, supported by a resurgence of foreign fund inflows. The rupee is facing renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the US currency from importers. INR commenced trading at Rs 85.90 per dollar today and is last seen quoting at 85.86, down 16 paise from previous close.

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