Market News
Chinese yuan falls under threat of more US tariffs, rupee to follow - REUTERS
By Nimesh Vora
MUMBAI, April 8 (Reuters) - The Indian rupee is expected to depreciate further on Tuesday, tracking losses in the Chinese yuan after U.S. President Donald Trump threatened additional tariffs on Asia's largest economy.
The 1-month non-deliverable forward indicated that the rupee will open at 85.90-85.92 to the U.S. dollar compared with 85.8350 in the previous session.
The Indian currency tumbled 0.7% on Monday, marking its biggest fall in three months, in the wake of a risk-off triggered by fears that Trump’s tariff threats will be a drag on growth and stoke inflation.
