The Indian rupee weakened slightly to 85.57 against the US dollar due to negative equity market sentiment, rising crude oil prices, and a widening trade deficit, despite strong foreign capital inflows. India's trade deficit widened to a five-month high in April, with imports surging. However, foreign exchange reserves rose, driven by a jump in gold assets.from Business News: Budget 2025, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/IZauPoS
