The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States,

Uncertainties surrounding U.S. trade policy continue to cast a shadow over the Indian economy’s outlook.

Mumbai Office The Reserve Bank of India (RBI) has kept the repo rate unchanged at 5.5% as the rupee continues to weaken under pressure from renewed US tariff threats, NDTV reported. The Indian currency dropped by 16 paise yesterday following fresh warnings from US President Donald Trump of potential tariff hikes on Indian exports.