See this view. A USD bought almost 95 rupees late last week, dropping to  about 93.5 earlier today before rebounding a little.

In other words the rupee rose from a record low (but the Trading Economics chart is USD/INR)

A moratorium, first introduced in 1998, prevents countries from imposing customs duties on electronic transmissions such as software, digital media and other online-delivered goods. While it has been renewed regularly —- every two years or so —, the current agreement is set to expire by March 31, 2026, because WTO members failed the past four days to reach a new consensus. India and Brazil were against.

Longer view

India was told its people may go hungry if it doesn’t allow US bigtech to keep abusing the same people’s data?: WTO shitfuckery

The big question here is …
are markets so corrupt they
try to punish people for standing
up to a bully like Trump … and yet
… the markets kind of like leaders
who do actually stand up to Trump