Indian Rupee Faces Depreciation Pressure From U.S. Tariffs -- Market Talk

Dow Jones

Aug 29

0221 GMT - The Indian rupee faces the greatest depreciation pressure from U.S. tariffs among Asian currencies, HSBC forex research analysts write in a report. U.S. tariffs of 50% kicked in on Indian goods this week, comprising a 25% so-called reciprocal levy and an extra 25% to penalize India's Russian oil purchases. India's exports to the U.S. had a boost from front-loading in 2Q, but this could scale down in 2H. The INR nominal effective exchange rate and real effective exchange rate are at multiyear lows and look reasonably competitive. However, the RBI could dial back on its currency defense if negative external factors linger, HSBC says. USD/INR is 0.1% higher at 87.6320, LSEG data shows. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

August 28, 2025 22:21 ET (02:21 GMT)

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U.S. tariffs of 50% kicked in on Indian goods this week, comprising a 25% so-called reciprocal levy and an extra 25% to penalize India's Russian oil purchases. India's exports to the U.S. had a boost from front-loading in 2Q, but this could scale down in 2H. The INR nominal effective exchange rate and real effective exchange rate are at multiyear lows and look reasonably competitive. However, the RBI could dial back on its currency defense if negative external factors linger, HSBC says. USD/INR is 0.1% higher at 87.6320, LSEG data shows. (amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 28, 2025 22:21 ET (02:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Indian Rupee Faces Depreciation Pressure From U.S. Tariffs -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndian Rupee Faces Depreciation Pressure From U.S. Tariffs -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-08-29 10:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0221 GMT - The Indian rupee faces the greatest depreciation pressure from U.S. tariffs among Asian currencies, <a href=\"https://laohu8.com/S/HSBC\">HSBC</a> forex research analysts write in a report. U.S. tariffs of 50% kicked in on Indian goods this week, comprising a 25% so-called reciprocal levy and an extra 25% to penalize India's Russian oil purchases. India's exports to the U.S. had a boost from front-loading in 2Q, but this could scale down in 2H. The INR nominal effective exchange rate and real effective exchange rate are at multiyear lows and look reasonably competitive. However, the RBI could dial back on its currency defense if negative external factors linger, HSBC says. USD/INR is 0.1% higher at 87.6320, LSEG data shows. (amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 28, 2025 22:21 ET (02:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00005","symbol_name":"汇丰控股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2563009193","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2563009193","pubTimestamp":1756434060,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0221 GMT - The Indian rupee faces the greatest depreciation pressure from U.S. tariffs among Asian currencies, HSBC forex research analysts write in a report. U.S. tariffs of 50% kicked in on Indian goods this week, comprising a 25% so-called reciprocal levy and an extra 25% to penalize India's Russian oil purchases. India's exports to the U.S. had a boost from front-loading in 2Q, but this could scale down in 2H. The INR nominal effective exchange rate and real effective exchange rate are at multiyear lows and look reasonably competitive. However, the RBI could dial back on its currency defense if negative external factors linger, HSBC says. USD/INR is 0.1% higher at 87.6320, LSEG data shows. 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U.S. tariffs of 50% kicked in on Indian goods this week, comprising a 25% so-called reciprocal levy and an extra 25% to penalize India's Russian oil purchases. India's exports to the U.S. had a boost from front-loading in 2Q, but this could scale down in 2H. The INR nominal effective exchange rate and real effective exchange rate are at multiyear lows and look reasonably competitive. However, the RBI could dial back on its currency defense if negative external factors linger, HSBC says. USD/INR is 0.1% higher at 87.6320, LSEG data shows. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 28, 2025 22:21 ET (02:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}