This week, the Indian rupee’s performance hinges on U.S. trade policy changes. New tariffs on Indian goods are expected. Washington-New Delhi relations have worsened. The U.S. criticizes India’s Russian oil purchases. The rupee may initially gain support from potential U.S. rate cuts. Bond yields are expected to fluctuate. India’s GST reforms are also under scrutiny.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets