Mumbai, April 7 -- The Indian rupee suffered its sharpest one-day decline in nearly three months on Monday, as concerns over US President Donald Trump's sweeping reciprocal tariffs triggered a global stock markets rout, dragging Asian currencies lower.

The rupee closed at 85.8350 per US dollar, down 0.7% or 60 paise, its worst single-day fall since 13 January. Most Asian currencies edged lower, falling 0.2-1.2% against the dollar amid broad market pressure.

India's benchmark equity indexes, the BSE Sensex and Nifty 50, ended about 3% lower each, their steepest one-day fall since June last year.

"Amid global risk-off sentiment triggered by the ongoing trade war, we are witnessing FPI outflows and upward pressure on USD-INR. While the RB...