SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Rupee depreciates against US dollar on Friday amid US tariff pressure

08 Aug 2025 Evaluate

Indian rupee depreciated against the US dollar on Friday weighed down by weak domestic equities as India-U.S. trade deal uncertainty continues to dent domestic market sentiments. Traders took note of report that Apparel Export Promotion Council (AEPC) has said that the doubling of tariffs to 50 per cent by the Trump administration on Indian goods will sound the death knell for micro and medium enterprises, particularly those heavily dependent on the American market. Besides, think tank GTRI indicated that 50% tariff imposition on Indian goods by US may cause 50% to 70% declined in exports of nine product categories, including organic chemicals, apparel, jewellery and shrimp. On the global front, ringgit continued its retreat against the US dollar on profit-taking after recent gains to close lower on Friday.

Finally, the rupee ended at 87.61 (Provisional), depreciated by 03 paise from its previous close of 87.58 on Thursday. The currency touched a high and low of 87.75 and 87.52 respectively.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×