FX.co ★ Indian Stocks Under Pressure as 50% Tariff Looms

The BSE Sensex in India continued to decline, finishing approximately 1% lower at 80,786.5 on Tuesday, marking its lowest point in over a week and reversing the gains seen the day before. This broad sell-off was driven by the US government's announcement to implement tariffs of up to 50% on Indian goods starting Wednesday. Currently, there are no signs of active trade discussions between the US and India. The Trump administration justified this action as a strategy to exert pressure on Russia to cease its conflict in Ukraine and return to the negotiating table.