Rupee Weakens on Rising Trade Tensions with US
The Indian rupee weakened against the US dollar on Tuesday, weighed down by escalating U.S.-India trade tensions spurred by President Trump’s tariff threats. The rupee, which has been under pressure due to a widening current account deficit and foreign portfolio investors’ (FPIs) selling, took a further hit after Trump’s comments on Monday.
Trump said he will “substantially” raise US tariffs on Indian goods, accusing the country of buying massive amounts of Russian oil and selling it for big profits. This move has sent shockwaves through the Indian economy, with the rupee falling to its lowest level against the dollar in over a month.
The rupee’s weakness was also attributed to a decline in foreign portfolio investors’ (FPIs) participation in Indian markets. FPIs have been selling Indian stocks and bonds in recent weeks, citing concerns over the country’s economic growth and the widening trade deficit.
The Indian government has been trying to address these concerns by implementing measures to boost exports and reduce imports. However, the ongoing trade tensions with the US have put a dent in these efforts, leading to a decline in the rupee’s value.
The rupee’s weakness has also had an impact on the Indian stock market. The benchmark Sensex index fell by over 1% on Tuesday, with many stocks in the consumer and industrial sectors taking a hit. The rupee’s decline has made imports more expensive, which could lead to higher inflation and a slowdown in economic growth.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making it one of the worst-performing currencies in Asia.
The Indian government has been trying to address the concerns over the rupee’s weakness by imposing restrictions on gold imports and reducing the import duty on certain goods. However, these measures have had limited success in stabilizing the rupee’s value.
The rupee’s weakness has also had an impact on the Indian rupee’s value against other major currencies. The rupee fell by over 1% against the euro and the yen on Tuesday, making
