Rupee Jumps 18 Paise to 90.76 as Dollar Dips After US Supreme Court Scraps Trump Tariffs

• The rupee rose 18 paise to 90.76 against the dollar after the US Supreme Court struck down Trump's emergency tariffs.
• The American Supreme Court on February 20 ruled Trump’s tariffs unconstitutional, stating they exceeded federal power.
• Trump responded by signing an executive order imposing a 15 percent duty on all trading partners under Section 122 of the Trade Act of 1974.
• These new tariffs will remain for 150 days unless Congress extends them, complicating the situation for emerging market currencies.
• Importers are hedging positions, and RBI is expected to intervene to prevent depreciation towards the 91 rupee level.