Mumbai, Feb. 28 -- The Indian rupee is likely to come under severe pressure in opening trades on Friday as dollar index jumped to a two-week high after Trump confirmed that his proposed 25% tariffs on Mexico and Canada will take effect on March 4, along with additional 10% duty on Chinese goods. DXY is quoting at 107.30. Yesterday, rupee depreciated 2 paise to close at 87.21 against US dollar as a muted trend in domestic markets and persistent foreign fund outflows weighed on investor sentiments. Moreover, month-end dollar demand also boosted the American currency. Meanwhile, the benchmark 30-share BSE Sensex fluctuated in a narrow range before ending the session up 10.31 points at 74,612.43. The broader NSE Nifty index closed at 22,545.05,...
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