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India said on Thursday it was studying the impact of the 27% tariff slapped by the US on its imports and vowed to push for a trade deal this year, signalling a conciliatory tone despite failing to get relief from President Donald Trump’s trade policy. New Delhi’s response came hours after Trump announced the drastic tariffs that piled more stress on an ailing global economy and sent world stock markets and oil prices tumbling.While Trump said Indian goods will face a 26% tariff, the White House executive order put the...

The Indian Rupee attracts some sellers in Thursday’s early European session.  Trump plans to implement a 26% tariff on Indian imports, weighing on the INR.  The US weekly Initial Jobless Claims and ISM Services PMI will be the highlights later on Thursday.  The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs. Trump said on Wednesday that he would impose 26% tariffs on imports from India effective from April 9, a component...

The Indian Rupee attracts some sellers in Thursday’s Asian session.  Trump plans to implement a 26% tariff on Indian imports, weighing on the INR.  The US weekly Initial Jobless Claims and ISM Services PMI will be the highlights later on Thursday.  The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs. Trump said on Wednesday that he would impose 26% tariffs on imports from India effective from April 9, a component of...

Having touched a new record high in India on Tuesday, Gold price has entered a phase of upside consolidation early Wednesday. The traditional safe haven, the Gold price, benefited from tariff concerns ahead of US President Donald Trump's announcement on April 2.  As of writing, Gold price is ticking slightly higher to Indian Rupees (INR) 8,583.84 per gram after settling Tuesday at INR 8,572.42, according to data compiled by FXStreet. Meanwhile, Gold price advanced to INR 100,120.70 per tola from Tuesday's close of INR 99,986.97 per tola. Unit measure Gold Price in INR...

India's foreign exchange reserves stand at USD 658.8 billion, enough to cover 11 months of imports, Finance Minister Nirmala Sitharaman informed the Rajya Sabha.New Delhi, Apr 1 (PTI) India is the fourth largest country to hold foreign exchange reserves of USD 658.8 billion, enough to meet the country's imports for 11 months, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.Replying to supplementaries during the question hour, she assured members of their concerns on the foreign exchange reserves and the current account deficit."I want to assure you that total...

In a historic move, India and Sri Lanka are on the brink of signing an ambitious defence cooperation pact, marking a significant shift in their bilateral relations. This agreement, to be signed during Prime Minister Narendra Modi's visit to Colombo, signals a departure from past challenges and a renewed partnership.Alongside the defence pact, India and Sri Lanka aim to establish a currency swap framework and finalize a joint development plan for Trincomalee oil firms with the UAE. These developments underscore growing ties and mutual interests in economic recovery and...

The Indian rupee has staged a strong comeback this year, making it on of the top-performing currencies. The USD/INR pair plunged to a low of 85.50, its lowest level since January 2 and 2.7% below its highest point this year. This article explains why the Indian rupee is soaring and what to expect.US dollar index crash Copy link to section One reason why the USD/INR exchange rate has crashed is that the US dollar index has embarked on a strong downtrend this yea. The DXY index has crashed from the...

The Indian rupee has staged a strong comeback this year, making it on of the top-performing currencies. The USD/INR pair plunged to a low of 85.50, its lowest level since January 2 and 2.7% below its highest point this year. This article explains why the Indian rupee is soaring and what to expect.US dollar index crash Copy link to section One reason why the USD/INR exchange rate has crashed is that the US dollar index has embarked on a strong downtrend this yea. The DXY index has crashed from the...

Share Tweet Share Share Email India’s attitude towards cryptocurrencies has been a topic of debate and shift over the past ten years. The legal status of cryptocurrencies in India is complex and very dynamic, as in the case of March 2025, it is currently in a stage marked by regulatory developments, taxation policies, and technological advancements. Background Information The 2018 move was that of Reserve Bank of India (RBI) prohibition on all banks accepting cryptocurrency transactions, in consideration of the apprehension over financial stability and criminal uses. The...

Share Tweet Share Share Email India’s attitude towards cryptocurrencies has been a topic of debate and shift over the past ten years. The legal status of cryptocurrencies in India is complex and very dynamic, as in the case of March 2025, it is currently in a stage marked by regulatory developments, taxation policies, and technological advancements. Background Information The 2018 move was that of Reserve Bank of India (RBI) prohibition on all banks accepting cryptocurrency transactions, in consideration of the apprehension over financial stability and criminal uses. The...