** U.S.-listed shares of Indian companies decline after President Donald Trump says U.S. will impose a 25% tariff on goods imported from India starting on Aug. 1

** IT firms Infosys INFY.NS and Wipro WIPR.NS decline 0.7% and 1.6%, respectively

** Top private banks HDFC Bank HDBK.NS and ICICI Bank ICBK.NS fall 1.4% and 1.3% respectively

** Generic drugmaker Dr Reddy's Laboratories REDY.NS drops 4.4%, hitting an eleven-week low

** iShares MSCI India ETF INDA.Z and iShares MSCI India Small-Cap ETF SMIN.Z down 1.3% each

** Franklin FTSE India ETF FLIN.P down 1.4% and Invesco India ETF PIN.P loses 1%

** "Despite the unpredictable policy making of U.S., market was expecting a tariff deal to work out as longer term U.S.-India strategic interests are aligned," says Nilesh Shah, managing director at Kotak Mahindra Asset Management

** The Indian rupee INR=IN had closed 0.7% lower against the dollar earlier in the day

(Reporting by Shashwat Chauhan and Johann M Cherian in Bengaluru)

((Shashwat.Chauhan@thomsonreuters.com))