In the midst of a collapse for the majority of emerging market currencies and stock markets throughout Asia and Europe on the first day of trading following President Donald Trump's imposition of higher tariffs on Canada, Mexico, and China, the Indian Rupee fell nearly 0.6%, or 49 paise, to break the 87 mark against the US dollar on Monday. Asian currencies and stocks also dropped due to the tariffs, which have raised concerns about a potential trade war.