Reciprocal U.S. trade tariffs proposed by President Donald Trump are unlikely to have a significant negative bearing on the rupee, the head of global foreign exchange at Jefferies said.

The Indian rupee recorded its strongest weekly performance in over 18 months, influenced by the dollar's reaction to its recent correction and the easing of concerns over U.S. tariffs. According to Reuters, the rupee closed at 86.8225 against the U.S. dollar, appreciating by 0.7% over the week.

The Indian rupee hit a record low on Monday, reaching 87.95 per dollar at the opening of the day, weighed down by the latest tariff threats announced by US President Donald Trump. In its daily analysis,

U.S. President Donald Trump's threat to impose reciprocal tariffs from early April is feeding anxiety in India's export sectors from autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year.

Reiterating his claim that “every country” took advantage of the US with tariffs, Trump began by citing the example of tariffs on cars in India