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Former World Bank Chief Economist Kaushik Basu analyzes the impact of US reciprocal tariffs on India, stating it will have a negative impact on both countries. He suggests India focus on expanding trade with other nations.New Delhi, Apr 6 (PTI) Former World Bank Chief Economist Kaushik Basu on Sunday described the reciprocal tariffs imposed on approximately 60 countries by the Trump administration as baffling, saying that while these tariffs will have some adverse effects on India, the major impact will be felt in the US.Basu further said that it is...

According to RBI data, forex reserves have increased cumulatively by $20.1 billion over the past three weeks and by about $6.6 billion in the latest reporting week In a significant development, India's foreign exchange reserves rose from $6.596 billion to $665.396 billion in the week that ended on March 28, extending gains for the fourth straight week, official data released by RBI showed.This significant jump is the highest in nearly five months, after witnessing a period of downturn.According to RBI data, forex reserves have increased cumulatively by $20.1 billion over...

Sizing up what President Trump’s new tariffs mean for India was a puzzle from the start for even the country’s top trade economists. Its politicians, too, were stunned.Starting next week, nearly all Indian goods arriving in the United States will be taxed an extra 27 percent.The figure was bafflingly high, in part because the government’s ministers had been flocking to Washington since Mr. Trump won re-election. From the Rose Garden, Mr. Trump addressed India’s prime minister, Narendra Modi, in absentia while delivering the disappointing news, calling him “a great friend...

Institutional investment in Indian real estate surged 31% in Q1 2025, reaching USD 1.3 billion, driven by strong growth in residential, industrial & warehousing segments.New Delhi, Apr 3 (PTI) Institutional investments in Indian real estate increased 31 per cent in January-March this year to USD 1.3 billion, driven by a sharp jump in inflows in the residential segment, according to Colliers India.Real estate consultant Colliers India noted that this growth was primarily driven by domestic investments, which accounted for 60 per cent of the total inflows during the latest March...

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...