<h1>Indian Rupee Recovers After Sharp Fall Amid US Tariffs and RBI Market Intervention Efforts</h1> The Indian rupee recovered 15 paise to close at 87.65 against the US dollar following its steepest single-day fall in over three years, amid lower crude prices and suspected intervention by the Reserve Bank of India (RBI). The depreciation was triggered by the US government's announcement of a 25 percent tariff on Indian imports and penalties related to Russian crude purchases, which heightened market concerns and risk-off sentiment. The RBI's weekly liquidity withdrawal measures and suspected market intervention aimed to stabilize the currency and short-term interest rates. Ongoing bilateral trade negotiations between the two countries continue, with a US delegation scheduled to visit India for further talks. The broader economic environment remains uncertain, with pressure on the rupee expected to persist until clarity on tariffs is achieved.