The Indian rupee weakened to around 87.43 per dollar on Monday, marking its third straight session of losses, as looming US tariffs continued to pressure the currency. Starting Wednesday, US tariffs on Indian goods will rise to as much as 50%, adding to the existing 25% duties, in response to India’s imports of Russian oil. Ongoing trade talks with Washington face firm limits, as India’s Foreign Minister stressed that measures must safeguard farmers and small-scale producers. Traders are now monitoring the Trump-Putin talks for signs of a Ukraine-Russia peace deal that could ease tariff risks, but sentiment remains cautious after President Trump warned Friday that he would impose sanctions on Russia within two weeks, if progress toward a settlement is not made. Meanwhile, the rupee found support amid the US Federal Reserve’s dovish stance. The greenback came under pressure after Chair Powell suggested at the Jackson Hole symposium that a rate cut at the September meeting is possible.