<h1>Rupee slides on foreign outflows and US trade rhetoric, raising risks of tariff action and policy-driven volatility</h1> The rupee weakened modestly against the US dollar amid sustained foreign portfolio outflows and escalating bilateral trade tensions, with a White House trade advisor's comments signaling potential US tariff measures and prompting market concern. A finance minister indicated government monitoring of exchange rates, noting broader dollar strength. Legally, the situation raises potential imminent trade-restrictive measures subject to tariff law and international trade agreements, which could affect currency policy, investor protections, and cross-border capital flows; market participants should expect heightened regulatory scrutiny and prepare for policy-driven volatility.