As the July 9 deadline for US tariffs approaches, Indian markets are in consolidation mode. A positive trade deal could boost foreign investor confidence, leading to enhanced capital inflows and a stronger rupee.

Duties on imports from dozens of countries would jump if the 90-day pause imposed in April expires July 9 as scheduled.

By Lawrence White LONDON (Reuters) -Stocks slipped on Friday as U.S. President Donald Trump got his signature tax cut bill over the line and attention turned to his July 9 deadline for countries to secure trade deals with the world's biggest economy.