<h1>Indian Rupee Falls Amid Trade Deal Uncertainty and Possible US Tariff Hikes by August 1 Deadline</h1> The Indian rupee depreciated by 52 paise to close at 87.43 against the US dollar amid uncertainty over a pending India-US trade deal. The US administration indicated potential tariff increases of 20-25 percent if an interim agreement is not reached by the August 1 deadline, which could impose additional duties on Indian exports. Market volatility was influenced by month-end importer demand, foreign fund outflows, and anticipation of upcoming US and Japanese monetary policy decisions. Despite ongoing negotiations, officials acknowledged the need for further talks, with a US delegation scheduled to visit India in late August. Failure to finalize an agreement may result in heightened tariffs on Indian goods, adversely affecting exporters and the rupee's stability.