[ad_1] With just over a week left before US President Donald Trump’s proposed reciprocal tariffs come into force, a senior US trade official is set to visit India to discuss bilateral relations. Assistant US Trade Representative (USTR) for South and Central Asia, Brendan Lynch will lead a delegation to India from March 25-29, according to […]
Rupee rallies as stronger current account surplus, lower imports boost sentiment – CNBC TV18
[ad_1] The Indian rupee extended its rally, rising 0.3% today after a 0.2% gain on Monday, making it one of the better-performing emerging market currencies. With a 0.5% weekly gain and a 1.5% rise from its February 10th low of 87.95, the rupee has effectively erased one and a half months of losses. Market optimism […]
Budget 2025: Gold market braces for possible duty hike amid soaring imports – CNBC TV18
[ad_1] The 2024 Union Budget brought a wave of optimism to the Jewelry industry with a historic 9% cut in import duties on gold, reducing the duty from 15% to 6% and from 14.35% to 5.35% for gold dore imports. This marked the sharpest duty reduction ever, and the first time since 2013 that the […]
India’s September trade gap narrows as import bill declines – CNBC TV18
[ad_1] India’s trade deficit narrowed to the lowest in four months in September as the nation reined in its import bill. The gap between imports and exports stood at $20.78 billion in September, Trade Ministry data showed Wednesday, lower than the $24.63 billion deficit forecast by economists in a Bloomberg survey. India reported a trade […]