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.

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.

The complete deal is likely to be signed after negotiations between the two countries later this year. The sources noted that this mini-deal is going to be beneficial to the country. Donald Trump's new tariffs on 14 countries,