India, Aug. 1 -- Indian shares fell notably on Friday to extend losses from the previous session, with tariff worries and continued foreign portfolio outflows keeping investors on edge.
A stronger dollar weighed on markets as the U.S. slapped dozens of trading partners with steep tariffs, ranging from 10 percent to 41 percent.
India, Brazil and Canada faced steep tariffs as President Donald Trump pushes to rebalance deficits and protect American manufacturing, citing national security.
A 25 percent duty was imposed on Indian goods along with a penalty for Russian imports that could dent India's economic growth by 30 bps in FY26.
But the higher duty may not significantly hit the country's economy driven by domestic demand, Barclays has s...