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India’s ongoing trade talks with the United States may finally reach the finish line this year, the Economic Survey 2026 has suggested. The Economic Survey, presented in Parliament by finance minister Nirmala Sitharaman on Thursday, said the development would help in bringing down uncertainty on the external front.“At the same time, ongoing trade negotiations with…
Capital outflow due to FII activity has been driven by geopolitical uncertainty. Rupee stayed under pressure on Wednesday, opening at a record low of 91.07 against the US dollar, down 0.05% from its previous close, before clawing back part of its losses, likely supported by intervention from the Reserve Bank of India (RBI), Reuters reported.The…
The rupee on Tuesday depreciated to another record low, by 23 paise against the US dollar, reaching 91.01 (provisional) . This decline was attributed to continuous foreign fund outflows, stalled India-US trade negotiations, and sustained US dollar purchases.The domestic currency initially dropped 36 paise to touch 91.14, its lowest point ever, before recovering slightly. Despite…
US sanctions on Rosneft and Lukoil are having a softer financial impact on Indian refiners than initially feared, with wider discounts on Russian crude nearly offsetting the expected drop in volumes. Indian state-owned and private refiners have halted cargoes from the two sanctioned firms and are instead sourcing from non-sanctioned suppliers. Recent tenders for January…
India can walk into the negotiating room with the US far more confidently than ever, thanks to a strong economy and a milder-than-expected hit to its exports, according to officials and analysts cited by Reuters.Despite the United States slapping tariffs of up to 50% on Indian imports, the drop in New Delhi’s shipments has been…
