Reuters India Business

By Ashwin Manikandan MUMBAI (Reuters) – The Indian rupee advanced on Thursday after five straight sessions of logging losses, as a weaker dollar and bets of central bank intervention outweighed the impact of additional U.S. tariffs. The rupee closed marginally up 0.06% at 87.6250 against 87.6800 on Tuesday. Indian markets were closed on Wednesday for …

Rupee snaps losing streak against weak dollar despite tariff pressure Read More »

By Bharath Rajeswaran and Vivek Kumar M (Reuters) -India’s equity benchmarks fell for a second straight session on Thursday, pressured by mounting concerns about the impact of U.S. tariffs on Indian goods, a day after punitive duties went into effect. The Nifty 50 lost 0.85% to 24,500.9 points and the BSE Sensex shed 0.87% to …

Indian stock benchmarks extend losses on US tariff blow Read More »

By Rajendra Jadhav and Nikunj Ohri MUMBAI/NEW DELHI (Reuters) -India has extended an import duty exemption on cotton by three months, until the end of December, a government order showed on Thursday, as New Delhi seeks to support the local garment industry that has been hit by hefty U.S. tariffs. The imports are likely to …

India extends cotton import duty exemption amid US tariff pressure Read More »

By David Lawder and Manoj Kumar WASHINGTON/NEW DELHI (Reuters) -U.S. President Donald Trump’s doubling of tariffs on imports from India to as much as 50% took effect as scheduled on Wednesday, delivering a serious blow to ties between two powerful democracies that had in recent decades become strategic partners. A punitive 25% tariff, imposed due …

Trump’s doubling of tariffs hits India, damaging ties Read More »

By Sarah Qureshi and Anushree Mukherjee (Reuters) – Gold was little changed on Wednesday as investors closely awaited upcoming inflation data for clues on interest rate cuts, while concerns about the Federal Reserve’s independence lingered after U.S. President Donald Trump tried to fire a Fed governor. Spot gold was up 0.1% to $3,394.49 per ounce …

Gold little changed with inflation data in focus Read More »

NEW DELHI (Reuters) -The immediate impact of U.S. tariffs on Indian exports appears limited, but the ripple effects on the economy pose challenges that must be addressed, India’s finance ministry said in its July monthly economic review, released on Wednesday. The report by the finance ministry said ongoing India-US trade negotiations “will be crucial”. India …

India says knock-on impact of US tariffs poses economic challenges Read More »