<h1>India's Rupee Closes at 85.52 Against Dollar as Trump Tariff Concerns and Oil Prices Offset Market Gains</h1> The rupee closed at 85.52 against the US dollar, down 2 paise in the first trading session of fiscal year 2025-26. This slight decline resulted from uncertainty over Trump's planned reciprocal tariffs and rising crude oil prices, despite positive domestic markets and a weaker US dollar providing some support. The rupee traded between 85.50-85.73 during the session. In the previous fiscal year, the rupee depreciated over 2%, though it gained 2.17% in March. Meanwhile, India's manufacturing sector growth reached an eight-month high in March, and the country's forex reserves increased by $4.529 billion to $658.8 billion.