Trump was quoted saying his team was thinking of tariffs around 25% which could be announced on Feb. 1 but offered no other specifics.

Things left unsaid during Donald Trump’s presidential inauguration speech and accompanying festivities Monday appeared set to give U.S. stocks a lift, while pulling down the dollar and U.S. Treasury yields.

The Indian rupee is poised to open higher on Tuesday amid swings in the U.S. dollar, spurred largely by the news flow and headlines related to U.S. President Donald Trump's tariff plans. The 1-month non-deliverable forward indicated that the rupee will open at 86.