26 Sep 2025 | 5 Mins Read
Indian rupee weakens to new low after US imposes tariffs on branded pharma
Flipitmoney
INR opened flat and weakened by 5 paise to 88.72 against USD. It has slid 0.5% in September as FIIs sold $1.3 bn in equities, and Asian currencies weakened. India may be spared from tariffs on branded pharmaceuticals, and the RBI is expected to intervene if the rupee weakens to 89/dollar. US President Trump announced a 100% tariff on branded or patented pharmaceutical products starting October 1.