Fears of a global trade war emerged after Donald Trump imposed tariffs on Canada, Mexico, and China, causing the rupee to drop by 67 paise to 87.29. As investors sought safe-haven assets, the US dollar strengthened, weakening Asian currencies. Last week, India’s foreign exchange reserves faced a slight crisis, declining by $1.888 billion to $623.983 billion. The Indian stock market also saw a downturn, with the Sensex losing 575 points and the Nifty falling by 206 points.