Indian Rupee Weakens Amid US Tariff Threats, Crypto Markets Watch Closely

The Indian rupee fell 29 paise to 87.95 against the US dollar in early trade, hovering near the psychologically critical 88/USD threshold. This depreciation follows renewed trade tensions after former US President Donald TRUMP threatened "substantially" higher tariffs on India for its continued purchases of Russian oil.

Forex traders anticipate sustained pressure on the rupee as geopolitical risks escalate. The currency had previously touched a record intra-day low of 87.95 on February 10, 2025. Trump's latest executive order imposes 25% tariffs on over 60 countries, with India facing particular scrutiny for its energy trade with Russia.

While the article contains no direct cryptocurrency mentions, such macroeconomic turbulence often drives capital toward decentralized assets. Bitcoin and stablecoins frequently see increased demand during fiat currency instability, particularly in emerging markets facing trade sanctions or capital controls.