Trade war: Rupee rises 5 paise against US dollar despite Trump’s 50% tariff blow on India
The rupee appreciated slightly to 87.67 against the US dollar following President Trump’s imposition of a 50% duty on Indian goods in response to continued Russian oil imports. This move threatens Indian exports and could negatively impact India’s GDP growth, potentially falling below 6% in FY26.🕒 1 min read
The rupee appreciated slightly to 87.67 against the US dollar following President Trump’s imposition of a 50% duty on Indian goods in response to continued Russian oil imports. This move threatens Indian exports and could negatively impact India’s GDP growth, potentially falling below 6% in FY26.
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