Trump’s Tariff Shock Raises Rupee Devaluation Fears: Economists Warn of 90/USD Slide, RBI May Intervene
India’s foreign exchange markets are bracing for heightened volatility as economists warn that the Indian Rupee could slide to ₹90 against the US Dollar following the Trump administration’s decision to impose a 50% tariff on Indian exports. The move, which took effect on August 27, 2025, has triggered concerns over trade imbalances, capital outflows, and…