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Rupee depreciated by 7 paise to 88.80 against the US dollar in early trade on Wednesday, hovering near its all-time low amid US tariff concerns, H-1B visa fee hikes, and persistent foreign fund outflows.At the interbank foreign exchange, the rupee opened at 88.80 and touched 88.71 in initial trades. On Tuesday, it had fallen 45…
US Secretary of State Marco Rubio has suggested that the Donald Trump administration may be willing to “fix” the additional 25 per cent tariffs imposed on India over its purchases of Russian oil.In an interview with NBC News, Rubio said the US expects European nations to step up their own sanctions against Moscow. “I think…
The global economy is heading into a phase of weak growth and systemic disruption, the World Economic Forum (WEF) said in its latest Chief Economists’ Outlook released on Tuesday.India, projected by the IMF to grow 6.5 per cent in 2025, continues to be the fastest-growing major economy, but its manufacturing ambitions face hurdles from the…
Shashi Tharoor (File photo) NEW DELHI: Congress MP Shashi Tharoor on Tuesday highlighted the lack of engagement from the Indian-American community on issues affecting India, such as H-1B visa restrictions and trade tariffs, as he welcomed a visiting US Congressional delegation in New Delhi.Tharoor said the five-member delegation, all Democrats with four of them from…
Rupee slips 25 paise to an all-time intraday low of 88.53 against the US dollar in early trade on Tuesday, as concerns over enhanced US tariffs on Indian goods and the new $100,000 H-1B visa fee weighed on investor sentiment.Forex traders said that global risk aversion and trade policy uncertainty further exacerbated the rupee’s decline.At…
NEW DELHI: External affairs minister S Jaishankar on Monday met US Secretary of State Marco Rubio in New York, marking their first in-person meeting since US President Donald Trump imposed additional tariffs on India. Both the leaders met on the sidelines of the 80th United Nations General Assembly (UNGA). The two leaders last met in…
India’s exports to US: A comprehensive study by GTRI reveals varied impacts across sectors: certain duty-exempt products show unexpected declines despite having no tariffs. (AI image) US President Donald Trump’s 50% tariffs have led to a plunge in India’s exports to America, with the pain unevenly spread, according to a Global Trade and Research Initiative…
Container freight rates are expected to remain subdued for the rest of FY26 as uncertainty in global trade continues, driven by US President Donald Trump’s unpredictable tariff policies, industry experts said. According to ET, exporters rushed shipments to the US ahead of the August 27 deadline for a steep 50% tariff on Indian goods, targeting…
The Trump administration has been pushing European allies to accelerate their reduction of Russian fuel imports. (AI image) Looking to pressurise Russia, the European Union is now looking to hasten its phaseout of Russian liquefied natural gas imports. The new plan aims to stop imports of Russia’s LNG ahead of its original 2027 deadline, following…
Mark Zandi, chief economist at Moody’s Analytics feels that the US economy may be teetering on the edge of recession. In an interview with Business Insider, Zandi revealed that the combination if policy missteps and speculative market behaviour including the rise of meme assets like Dogecoin (DOGE)—as key contributors to the slowdown. “The reason why…
