India's equity benchmarks opened little changed on Tuesday after U.S. President Donald Trump reiterated his threat of harsh tariffs on goods from India over its Russian oil purchases. The Nifty 50 fell 0.

President Donald Trump Monday said he would "substantially" raise tariffs on India for "buying massive amounts of Russian oil" and "selling it on the open market for big profits," elaborating on his threat last week to impose a penalty on top of a 25% tax for Indian imports.

President Donald Trump said he will “substantially” raise tariffs on India because it’s still buying Russian oil.