Strong November export growth offers relief, but trade uncertainty persists as India races to seal a deal with the US amid tariffs, capital outflows and rupee pressure
Washington considers specific provisions in the DPDP rules and IT Rules non-tariff barriers for its companies
Assistant USTR and the Chief Negotiator of the proposed India-US Bilateral Trade Agreement (BTA) negotiations Brendan Lynch, along with other senior officials from USTR
RBI is intervening mainly to smooth volatility rather than defend specific levels as the rupee hits fresh lows amid outflows and trade-deal uncertainty, with its forward position limiting room to act
A team of officials from the US is expected to visit India next week for talks on the proposed bilateral trade agreement, sources said on Thursday. The visit is crucial as India and the US are working to finalise the first tranche of the pact. "The team is likely to come next week. Dates are being finalised, and discussions are on," said one of the sources. This visit of the US officials would be the second after the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market for buying Russian crude oil. Earlier, the team had visited on September 16. On September 22, Commerce and Industry Minister Piyush Goyal also led an official delegation to the US for trade talks. He was accompanied by the then special secretary in the ministry, Rajesh Agrawal and other officials. Agrawal is now India's commerce secretary. The USA's Chief Negotiator for the pact is Brendan Lynch. The next week's visit would be important as Agrawal h
US President Donald Trump's punitive 50 per cent tariff on Indian goods has soured sentiment among foreign investors, who have sold around $17 billion of Indian equities so far this year
Uncertainty over US trade deal, FPI outflows, limited RBI intervention pushes rupee drop 5% vs $ in 2025
Dollar outflows from FPIs, trade deficit probably widening with export growth slowing down, and the trade deal with US is still not on the table are the three main reasons why the rupee is falling
The US imposed tariffs of up to 50% on imports from India starting in late August even as negotiations between the two countries continued
A wave of new trade agreements under Trump 2.0 offers concessions to Asian partners, but their executive-order nature leaves room for renegotiation and continued uncertainty
Goyal said the government is holding regular consultations to streamline FDI and FII processes, boost investor confidence and advance fair, balanced India-US trade deal
The Trump administration said Thursday that it had reached trade frameworks with Argentina, Ecuador, El Salvador and Guatemala. The frameworks are about increasing the ability of U.S. firms to sell industrial and agricultural products in these countries, according to a senior administration official who insisted on anonymity as a condition for briefing reporters on a call about the agreements. The White House also released statements on the frameworks, which have yet to be finalized and are expected to be signed within roughly two weeks. It's all part of a broader effort by President Donald Trump to rewrite the rules of global commerce through the use of broad tariffs. The frameworks touch on an array of subjects, including efforts to reduce nontariff barriers and cut tariffs to 0% on American-made goods as well as commitments to not impose digital services taxes on U.S. companies. There would also be tariff relief on select products from these countries. For example, import license
Goldman Sachs sees a case for India to perform better next year, with growth-supportive policies, earnings revival, supportive positioning and defensible valuations
As the US President says both sides are "pretty close" to a fair deal, Indian officials indicate no new round of negotiations is needed, with most issues already resolved
In case of lower US tariffs, shares from IT, gems & jewellery, shrimps and textile-related sectors are likely to benefit, believe analysts.
In September, the UK and the US signed the Tech Prosperity Deal to deepen collaboration in key technology areas including AI, quantum computing and nuclear energy
Silver holding well despite elevated yields and a firmer US Dollar is a positive sign. However, easing the silver lease rate has taken out the bullish sting to some extent
Central banks continuing to buy gold at a brisk pace despite elevated gold prices underscores the importance of holding metal in the present, uncertain political, economic, and geopolitical times
As Trump tries to rewire the global trading system, digital commerce has become another battleground for geopolitical fragmentation where US and China are jockeying for global influence
After a charm offensive in Japan that culminated in USD 490 billion in investment commitments, President Donald Trump is set to meet with South Korea's leader on Wednesday as a trade deal with that country appears more elusive. Top officials in Washington and and Seoul say the sticking point for an agreement continues to be the logistics behind Trump's demand that South Korea invest USD 350 billion in the United States. Korean officials say a direct cash injection could destabilise their economy, and they'd rather do loans and loan guarantees instead. The country would also need a swap line to manage the flow of its currency into the US. The disparity between what Trump is asking for and what South Korea can deliver threatens to overshadow the meeting between Trump and South Korean President Lee Jae Myung in Gyeongju, a historical city playing host to the annual Asia-Pacific Economic Cooperation summit. Oh Hyunjoo, a deputy national security director, told reporters that the ...