Rupee slips, volatility expectations unruffled by looming tariff deadline

Rupee ends at 85.70 vs USD, down 0.2%, tracking a broader decline in Asian currencies amid dollar strength.

Dollar index rises 0.3%, supported by upbeat U.S. data and ahead of Thursday’s non-farm payrolls report.

Markets cautious but calm: Despite trade jitters, rupee’s implied volatility remains near average, suggesting no panic pricing yet.

Forecast stable: Analysts expect the rupee to stay rangebound, with mild depreciation to 86.13 over the next year.