| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107294.6900000000 |
| ETH | $2432.1030000000 |
| BNB | $648.8197400000 |
| XRP | $2.1859330000 |
| ADA | $0.5670114000 |
| SOL | $150.1151000000 |
| DOGE | $N/A |
| DOT | $3.3976900000 |
| LTC | $86.6677000000 |
| LINK | $13.3466700000 |
Category: CRYPTO NEWS
The post USD/INR jumps as Trump imposes a 26% tariff directed at India appeared on BitcoinEthereumNews.com. The Indian Rupee attracts some sellers in Thursday’s Asian session. Trump plans to implement a 26% tariff on Indian imports, weighing on the INR. The US weekly Initial Jobless Claims and ISM Services PMI will be the highlights later on Thursday. The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs. Trump said on Wednesday that he would impose 26% tariffs on imports from India effective from April 9, a component of his comprehensive plan to place duties on all US imports. New US tariff policies under the Trump administration exert some selling pressure on the INR. Nonetheless, a fall in crude oil prices could help limit the Indian currency’s losses. It’s worth noting that India is the world’s third-largest oil consumer, and lower crude oil prices tend to have a positive impact on the INR value. Looking ahead, investors brace for the US weekly Initial Jobless Claims, the final S&P Global Services PMI, and the ISM Services PMI, which are due later on Thursday. On Friday, all eyes will be on the US March Nonfarm Payrolls report. Indian Rupee tumbles after new tariffs announcement by Trump Trump said at the White House while announcing the reciprocal tax. ”They (India) are charging us 52% and we charge almost nothing for years and years and decades.” The final reading of India’s HSBC Manufacturing PMI rose to 58.1 in March, compared to the first estimates and the consensus of 57.6. In March, the Indian Rupee posted its best monthly performance in more than six years, bolstered by foreign portfolio and other inflows, coupled with a scaling back of bearish wagers. Foreign investors bought nearly $4 billion of Indian equities and bonds, a significant reversal…
2025-04-03T03:34:11+00:00