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The 21st Director General-Level Talks on Customs Cooperation was held between India and Nepal in Kathmandu on April 10-11, 2025 Published Date - 13 April 2025, 02:50 PM New Delhi: Customs authorities of India and Nepal have discussed ways to check trans-border criminal activities, smuggling of gold and narcotics, and fake currency notes (FCN), the finance ministry said in a statement on Sunday. The 21st Director General-Level Talks on Customs Cooperation was held between India and Nepal in Kathmandu on April 10-11, 2025, it said. Issues...

US President Donald Trump may have hit the pause on his trade vacillations, but there seems to be a lingering deleterious effect on the American Dollar, which has slumped sharply. Reason: waning confidence in the American economy is leading to a huge flight out of the greenback to other safe haven currencies and gold. This is reflective of a breakdown of a fundamental assumption underpinning global finance – that when there are serious bouts of volatility in the forex markets and a spike in the VIX (volatility index), it normally...

US President Donald Trump may have hit the pause on his trade vacillations, but there seems to be a lingering deleterious effect on the American Dollar, which has slumped sharply. Reason: waning confidence in the American economy is leading to a huge flight out of the greenback to other safe haven currencies and gold. This is reflective of a breakdown of a fundamental assumption underpinning global finance – that when there are serious bouts of volatility in the forex markets and a spike in the VIX (volatility index), it normally...

Rupee made a strong comeback in early trade on Friday, rising by 51 paise to 86.17 against the US dollar. This sharp gain was fueled by a positive opening in domestic equity markets, a weaker greenback, and a drop in global oil prices. The rally in the local currency follows US President Donald Trump’s decision to suspend the additional 26 per cent tariffs on Indian goods until July 9, easing trade tensions between the two nations. At the interbank foreign exchange market, the rupee opened at 86.22 against the dollar—46 paise...

Rupee extended its losing streak for the fourth straight session on Wednesday, closing 45 paise lower at 86.71 (provisional) against the US dollar, amid heightened global tariff tensions. This decline came despite the Reserve Bank of India’s decision to reduce the key interest rate by 25 basis points to stimulate growth. Forex traders noted that, although global crude oil prices fell sharply and the US dollar weakened, the Indian currency remained under pressure due to persistent foreign fund outflows and muted sentiment in domestic equity markets. At the interbank foreign...

Trump's Tariffs could see iPhone prices jumpDue to President Donald Trump's new import tariffs, the price of the iPhone could rise by up to 43% in the U.S.unbranded - NewsworthyCorrections & Clarifications: The story has been updated throughout to include, correct and clarify nuances of the industry and to correct an error. The National Association of Realtors location was misstated in an earlier version of the story. NAR is based in Chicago. A new policy clarifying how homeowners may list their properties for sale may instead sow confusion and friction in...

The United States has revised downwards the import duties imposed on India, reducing them from 27  per cent to 26 per cent, according to a White House document. These new tariffs will come into effect from April 9. While announcing the reciprocal tariffs on Wednesday, President Donald Trump presented a chart displaying the tariff rates that countries such as India, China, the UK, and the European Union will now have to pay. According to the chart, India previously imposed a 52 per cent tariff (factoring in currency manipulation and trade...

The United States has revised downwards the import duties to be imposed on India from 27 per cent to 26 per cent, according to a White House document. These duties will come into force from April 9. While announcing the reciprocal tariffs against different countries on Wednesday, he held up a chart that showed the tariffs that countries such as India, China, the UK, and the European Union will now have to pay. The chart indicated that India charged 52 per cent tariffs, including currency manipulation and trade barriers, and...

US President Donald Trump as part of his sweeping reciprocal tariff measures has levied a 26 per cent tariff on imports from India. The announcement comes as he calls India's tariffs as 'very, very tough'. Further, he calls his move as a 'kind reciprocal' as the tariffs levied are half of what India levies on US products. Trump laid out the U.S. “reciprocal tariff” rates that more than 180 countries and territories, including European Union members, will face under his sweeping new trade policy. Referring April 2 as "Liberation Day",...

Rupee dropped 26 paise to 85.78 against the US dollar on Thursday morning after US President Donald Trump imposed tariffs on nearly 60 countries, including India. The US has introduced a 27 per cent tax on Indian imports, arguing that India charges high duties on American goods.  The tariffs being implemented were conceived as part of Trump's plan to reduce the US trade deficit and to rejuvenate manufacturing at home. Though expected to adversely affect India's exports to US, experts feel that India is in a relatively better position compared...