The market focuses on whether the Reserve Bank of India will prevent the rupee from falling below 88.

Chris Turner, an analyst at ING Bank, said in a report that the market speculation about whether the Reserve Bank of India will intervene to control the depreciation of the rupee is increasing after Trump threatened to impose higher tariffs on India. The focus of the market speculation is whether the Reserve Bank of India will prevent the US dollar from rising above the 88.00 level against the rupee. Turner said, "Since the beginning of this year, the Reserve Bank of India has increased its tolerance for fluctuations in the rupee exchange rate, and current inflation levels are also lower than before, which has led the market to question whether the Reserve Bank of India will still firmly defend the 88.00 level."