The Indian rupee fell to around 90.7 per dollar, extending last week’s losses as markets weighed renewed US trade policy uncertainty. Investors are monitoring the fallout from the Supreme Court’s decision striking down Trump’s emergency tariffs, alongside his subsequent temporary 15% levy on imports. Focus remains on India’s postponement of its Washington trade delegation, a move that may prompt a reassessment of its U.S. trade strategy, while traders track oil prices and shifting supply-demand dynamics. On the upside, analysts note that India’s effective tariff rate in the US is now projected at 11–13%, lower than previously feared and favorable relative to regional peers. Markets continue to balance short-term relief from reduced tariff exposure against persistent policy uncertainty and broader global risk factors.
