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The trade and tariff game between the US and India affects the movement of the rupee.
According to Jin Shi Data on September 10, the Indian rupee is expected to fluctuate sharply at the opening, supported on one hand by U.S. President Trump's optimistic attitude towards trade negotiations with India, and on the other hand by the pressure of urging Europe to impose high tariffs on India for importing Russian oil. Trump stated that the U.S. and India are continuing negotiations to eliminate trade barriers and believes that achieving a successful outcome will not be difficult. Meanwhile, Trump urged the European Union to impose tariffs of up to 100% on India for purchasing Russian oil. The progress of U.S.-India trade negotiations is seen as a key factor determining the rupee's trend. "It is difficult to predict the day's trend, and I am not sure how to interpret these news headlines," a bank forex trader said.
( comes from Jinshi Data App )