New Delhi, Sept. 13 -- The imposition of a 50 per cent tariff hike by the United States (US) on the imports from India weighed on domestic financial conditions in August, with equity markets taking the biggest blow, according to a report by Crisil.

The rating agency said that its Financial Conditions Index (FCI) declined to -0.5 in August from -0.4 in July. The FCI is a monthly indicator that combines parameters across the money, debt, equity and foreign exchange markets.

A lower FCI value indicates financial conditions were tighter than the previous month, while a negative value implies it was tighter than the long-period average (measured since April 2010). That said, the FCI for August remains within the

comfort zone of one standard...