India, March 31 -- Indian shares are seen opening on a cautious note Tuesday ahead of U.S. reciprocal tariff announcements on its trading partners, which are due to be imposed on Wednesday, April 2nd.
Trump's top spokesperson said the announcement would feature "country-based" tariffs but added that the president is also "committed" to implementing sectoral duties at another time.
It is feared that Trump's tariffs and possible retaliatory actions by targeted countries will fuel inflation, keep interest rates elevated and drag down global economic growth.
Indian stock markets were closed on Monday for Eid Ul Fitr, which marks the month-long fasting period of Ramadan.
The benchmark 30-share BSE Sensex ended the month of March with a 5.8 p...