# Rupee hits new closing low on US penalties, worst drop since September 2022 | Economy & Policy News - Business Standard

> The rupee closed at a new low of 87.60 per dollar on Thursday, down 0.2% on the day after Trump announced a 25% tariff on Indian exports from August 1 plus a penalty for buying Russian oil and arms. The currency fell 2.09% in July, its steepest monthly loss since September 2022, amid portfolio outflows.

- Date: 2025-07-31 · published 2025-07-31T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/24049-rupee-hits-new-closing-low-on-us-penalties-worst-drop-since-september-2022
- Commodities: [Indian Rupee (INR per USD)](https://feedsoft.ai/c/USDINR.md)

## Why it matters

Tariffs and a weaker rupee raise India's import costs and could reduce its appetite for US and other imported feed inputs, while pressuring Indian crop-sector finances.

## Read by commodity

- USDINR: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/economy/news/rupee-hits-new-closing-low-on-tariff-and-fpi-outflow-fears-in-july-125073101924_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.