The Indian rupee is likely to open marginally higher on Tuesday, helped by the calm in Asian markets despite U.S. President Donald Trump imposing higher tariffs on South Korea and Japan among others.

United States President Donald Trump has accused the BRICS alliance — comprising Brazil, Russia, India, China, and South Africa — of attempting to weaken the US dollar’s global dominance. In sharp remarks made during a cabinet meeting in Washington on Tuesday,

Donald Trump administration announced a 25 per cent tariffs on Japan, South Korea, Kazakhstan, Malaysia, Tunisia. US announced 30 per cent on South Africa, Bosnia and Herzegovina and 32 per cent on Indonesia.