BUSINESS

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.

TIMES OF INDIA
3 hours ago
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Donald Trump doubles tariffs on India: Gems & jewellery industry calls it 'doomsday'; looks to shift manufacturing to low tariff nations like UAE

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Sensex tumbles below 80,000 level as Trump announces additional tariffs, metal, oil & gas stocks drag the most

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