USD/INR jumps higher as Trump threatens tariffs on BRICS and pharmaceutical imports

  • The Indian Rupee (INR) opens lower against the US Dollar (US) on Wednesday, sending the USD/INR higher to near 86.00. Investors were bracing for weakness in the Indian currency as the United States (US) President reiterated his threats to impose 10% tariffs on BRICS members for supporting anti-American policies.