
Trump’s Tariffs Shake Asian Markets
The Indian rupee has dropped past 87 per USD following global market fluctuations triggered by new U.S. tariffs. The sudden depreciation has raised concerns over inflation and economic stability.
Why the Rupee is Falling
- Trade Disruptions: The imposition of tariffs has led to uncertainty in Asian economies.
- Foreign Investment Withdrawal: Investors are pulling out funds due to market instability.
- RBI’s Possible Intervention: The central bank may step in to stabilize the currency.
The falling rupee is expected to impact imports, particularly crude oil prices, further straining the economy.