The Indian rupee showed resilience as it closed at 85.43 against the dollar, marking a gain of seven paise. Initially starting weaker, the rupee strengthened against the backdrop of a weakening US dollar, driven by concerns over recession and inflation. Despite facing higher tariffs on Indian imports from the US, the rates remain comparatively lower than those imposed on other nations. Furthermore, Asian currencies exhibited signs of recovery, and Indian equities outperformed their US counterparts. In contrast, US stocks commenced trading on a negative note.