<h1>Indian rupee falls 29 paise amid US tariff threats over Russian oil imports under trade rules</h1> The Indian rupee depreciated by 29 paise to 87.95 against the US dollar following US President's announcement of potential higher tariffs on India due to its continued purchase of Russian oil. This follows an Executive Order imposing a 25% tariff on Indian imports and threats of additional penalties related to India's procurement of Russian military equipment and crude oil. The currency's decline reflects ongoing trade tensions and market uncertainty ahead of the Reserve Bank's upcoming monetary policy decision. The situation has also impacted domestic equity markets, with significant foreign institutional investor sell-offs. The US administration's actions raise legal and economic challenges concerning international trade regulations and tariff impositions under existing trade agreements.