The rupee rose by 26 paise to close at 85.68 against the U.S. dollar. Asian markets were mostly lower in cautious trade this morning, with trade headlines and Chinese inflation data in focus.

The rupee weakened by 46 paise to close at 85.85 against the dollar after Trump threatened an additional 10 percent levy on BRICS nations. Asian markets were muted in cautious trade this morning.

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