Divya Delhi: Union Bank of India reports that RBI policy changes have considerably affected the Rupee against the USD. The Indian rupee fell over 50% in the first two months of 2025. Union Bank of India reports that RBI policy changes have considerably affected the Rupee against the USD. The Indian rupee fell over 50% in the first two months of 2025. The newspaper added RBI governor Sanjay Malhotra declared that the central bank is open to a more flexible rupee and will enable it to move freely with its domestic rivals, unlike his predecessor. Das, who supported a stable rupee versus the US currency, is also pressuring it. Market fears have grown due to trade war risks and US trade policy uncertainty. Investors worried about global trade disruptions have weakened the rupee and other Asian currencies. The market is eagerly watching the Trump administration's potential reciprocal tariffs after April 1. Due to the US-India trade gap, these actions may affect India. The US is India's largest export destination, accounting for 17.73% of its exports in FY 2023-24 at USD 88.02 billion. New tariffs or restrictions might hurt Indian trade and the currency.