<h1>Trade tariff uncertainty and geopolitical tensions pressure the rupee, prompting attention to bilateral talks and security measures.</h1> Rupee depreciation is attributed to a firmer US dollar, uncertainty over trade tariffs and geopolitical tensions; analysts expect the currency to remain under pressure within an anticipated USD INR trading range, while domestic market support from equity gains, foreign inflows and lower crude may cushion declines. Security closures of public parks in a vulnerable region and an upcoming Union Cabinet meeting reflect ongoing threat assessment and executive-level policy review. Commentary also flagged prospects for a bilateral trade agreement as a means to prevent reciprocal tariffs, signalling trade-policy developments relevant to markets.