<h1>US Announces 27% Reciprocal Tariffs on India as Rupee Falls 26 Paise to 85.78 Against Dollar</h1> The rupee declined 26 paise to 85.78 against the US dollar in early trading after the US announced 27% reciprocal tariffs on India. This action follows the US President's implementation of tariffs on approximately 60 countries, aiming to reduce America's trade deficit and boost manufacturing. While the tariffs are expected to impact Indian exports to the US, experts suggest India is better positioned than competitors facing similar levies. The announcement triggered market shockwaves, causing investors to seek safe havens. Forex traders warn these tariffs could potentially lead to a full-scale trade war and global economic slowdown.