US tariffs bite: India’s equities slump as FPI outflows hit $4 billion; rupee dips to record low
The imposition of a 50% tariff hike by the United States on imports from India weighed on domestic financial conditions in August, with equity markets taking the largest hit, according to a Crisil report. The agency said its Financial Conditions Index (FCI) fell to -0.5 in August from -0.4 in July, indicating tighter conditions compared…
