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9 Jul 2019
US Pres. Trump: India's tariffs on American products no longer acceptable
U.S. President Donald Trump recently commented on the trade relations between the United States and India in a Twitter post.
"India has long had a field day putting tariffs on American products. No longer acceptable!" President Donald Trump tweeted out.
With the initial market reaction to these comments, the USD/INR pair rose modestly to suggest that the rupee is reacting negatively to this development and is facing modest selling pressure. As of writing, the pair was up 0.1% on a daily basis at 68,615.