<h1>Trump Announces 27% Tariffs on Indian Imports as Rupee Strengthens to 85.30 Against Dollar Despite Initial Volatility</h1> The rupee recovered from initial losses to close 22 paise higher at 85.30 against the US dollar after President Trump announced 27% reciprocal tariffs on India among approximately 60 countries. Despite early volatility, the rupee strengthened as experts noted India faces lower tariffs compared to competitors like Bangladesh (37%), China (54%), Vietnam (46%), and Thailand (36%). The Department of Commerce is examining implications while continuing discussions on a Bilateral Trade Agreement with the US. Meanwhile, the dollar index fell 1.65% to 102.09, and Brent crude dropped 4.10% to $71.88 per barrel. Domestic markets closed lower with the Sensex falling 0.42%.