Rupee opens weaker on rising trade tensions with US, avoids record low on likely RBI support

The Indian rupee faced pressure on Tuesday. This was due to renewed tariff threats from the U.S. However, the currency did not fall below its record low. The Reserve Bank of India likely intervened. This action helped to stabilize the rupee. The rupee opened weaker than the previous day. The non-deliverable forward market had suggested further weakening.