India, April 25 -- The rupee pared its initial gains and settled for the day lower by 7 paise at 85.40 against the US dollar on Friday, amid heightened geopolitical tensions and a negative trend in the domestic markets.
Forex traders said escalated geopolitical tensions, following a terror attack in Pahalgam, Jammu & Kashmir weighed on market sentiment.
Moreover, a muted trend in domestic equities and positive US dollar index dented investors' sentiment further.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....