India, Aug. 27 -- Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.
U.S. Treasury Secretary Scott Bessent said the bilateral ties remain "complicated", but expressed confidence that the two countries would come together "at the end of the day".
Indian markets were closed on Wednesday for Ganesh Chaturthi. Benchmark indexes Sensex and Nifty both fell over 1 percent on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports.
The rupee fell by 12 paise to close at 87.68 against the greenback due to strong dollar demand from importers.
Foreign instituti...