The Reserve Bank of India has resumed intervention in the non-deliverable forwards market over the past fortnight to manage rupee volatility triggered by mounting trade tensions with the United States,

Uncertainties surrounding U.S. trade policy continue to cast a shadow over the Indian economy’s outlook.

India’s central bank held its key interest rate as Donald Trump’s planned increase in tariffs on the country’s exports to the US threatens to send its economy into turmoil. The Reserve Bank of India ’s decision on Wednesday to keep the repo rate at 5.