Assume that you are the CFO of an institution based in the US$.$ Your primary global exposure is

with India. Most transactions between US Dollars $($USD$)$ and the Indian Rupee $($INR$)$ are US

investors investing in the Sensex or Indian investors investing in the S&P$.$ A new presidential

administration has announced that they will levy a heavy tariff on imports on goods shipped from

Bombay. Based on this information, what would you anticipate will happen between the value

of the USD and INR?