Overview

• President Trump raised tariffs on Indian imports to 50%, linking further hikes to New Delhi’s continued purchases of Russian oil
• A ₹20 crore egg shipment from Tamil Nadu’s Nammakal district remains stuck at US ports, prompting exporters to reroute supplies into domestic markets
• India is expanding rupee-denominated trade agreements with around 30 countries, including Russia, the UAE and Sri Lanka, to undercut the dollar’s dominance
• The central bank has diversified its forex reserves by adding euro, pound sterling and yen to reduce vulnerability to US financial coercion
• New Delhi is promoting its UPI digital payment system abroad and forging barter arrangements with currency-strapped partners to build alternative payment rails