{"id":12786,"date":"2025-07-30T12:47:39","date_gmt":"2025-07-30T07:17:39","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=12786"},"modified":"2025-07-30T16:20:09","modified_gmt":"2025-07-30T10:50:09","slug":"rupee-drops-trump-tariff-india-exports","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/rupee-drops-trump-tariff-india-exports\/","title":{"rendered":"Rupee Falls to 4-Month Low on Trump\u2019s Tariff Remarks, RBI Seen Limiting Losses"},"content":{"rendered":"

The Indian rupee weakened sharply on July 30, slipping to 87.24 per US dollar\u2014its lowest level since March 13, 2025\u2014amid renewed trade tensions following remarks from former US President Donald Trump.<\/p>\n

Trump hinted at imposing 20\u201325% tariffs on Indian exports, a rate higher than what was offered to the UK, EU, and Japan. The comments rattled currency markets, triggering a slide in the rupee which opened at 87.12 and extended losses to 87.24 by 11:30 am, according to Bloomberg data.<\/p>\n

Trade Deal Uncertainty Fuels Pressure<\/h2>\n

The US and India are in ongoing negotiations over a Bilateral Trade Agreement (BTA), but no deal has been finalized yet. Trump\u2019s proposed tariffs are expected to take effect from August 1, once the current pause on duties ends. A US delegation is expected in India mid-August for the next round of talks, with the goal of finalizing the first tranche of the BTA by September or October.<\/p>\n

Speaking to reporters, Trump said,<\/p>\n

\n

\u201cIndia has charged basically more tariffs than almost any other country… you just can’t do that.\u201d<\/p>\n<\/blockquote>\n

Recommended Read<\/strong>: Indian Smartphone Market Sees 18% Growth in Q2; Apple Tops Shipments<\/a><\/p>\n

RBI Intervention Likely Helped Limit Losses<\/h2>\n

Despite the slide, Reuters reported that the Reserve Bank of India (RBI) may have stepped in to curb volatility in the forex market. According to a forex salesperson quoted in the report,<\/p>\n

\n

\u201cExpect RBI to continue smoothening volatility while chances of firm intervention to lift the currency are low due to the uncertain environment.\u201d<\/p>\n<\/blockquote>\n

Brent Crude Adds to Downside Pressure<\/h2>\n

The rupee was further pressured by rising global oil prices. Brent crude climbed to a five-week high of $72.54 per barrel, driven by geopolitical tensions and Trump\u2019s ultimatum to Russia on ending the Ukraine conflict.<\/p>\n

Anil Kumar Bhansali, Head of Treasury at Finrex Treasury Advisors LLP, said,<\/p>\n

\n

\u201cOil prices rose more than 3% and remained firm around $71.76 as supply concerns grew after Trump\u2019s 10\u201312 day deadline for progress on Ukraine.\u201d<\/p>\n<\/blockquote>\n

Quick Market Outlook<\/h2>\n

According to Jateen Trivedi, VP Research at LKP Securities, the rupee is likely to trade in a broader range of 86.45\u201387.25 in the near term. Market participants will closely watch geopolitical developments and the next round of US-India trade talks for further direction.<\/p>\n

\n

Click here to explore other Sensex Today<\/a><\/i><\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Indian rupee weakened sharply on July 30, slipping to 87.24 per US dollar\u2014its lowest level since March 13, 2025\u2014amid renewed trade tensions following remarks from former US President Donald Trump. Trump hinted at imposing 20\u201325% tariffs on Indian exports, a rate higher than what was offered to the UK, EU, and Japan. The comments […]<\/p>\n","protected":false},"author":7,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1365],"tags":[],"ppma_author":[1384],"class_list":{"0":"post-12786","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-news"}," _eael_post_view_count":0,"authors":[{"term_id":1384,"user_id":7,"is_guest":0,"slug":"jitesh-kanwariya","display_name":"Jitesh Kanwariya","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/12786","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=12786"}],"version-history":[{"count":4,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/12786\/revisions"}],"predecessor-version":[{"id":12804,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/12786\/revisions\/12804"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/12787"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=12786"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=12786"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=12786"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=12786"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}