Business

The domestic equity markets opened strong on Monday as experts point to improving sentiment driven by clarity on the India-US trade deal, supportive domestic factors and positive global cues.

The Reserve Bank of India (RBI) has likely come to the end of its rate-cutting cycle and is expected to opt for a long pause, as there appears to be limited room to lower interest rates further unless the new series of CPI and GDP throw up unforeseen surprises, according to a report by Bank of Baroda.

India's external position among Asian peers improves following the interim trade framework announced between India and the United States, with exports expected to rebound and dollar inflows likely to strengthen, according to a report by JM Financial.

In an interview with ANI, Goyal dispelled concerns in the export community after the landmark India-US interim trade deal was announced, which would reduce tariffs on many Indian exports. He noted that the US imposes 50% tariffs on steel, aluminium, and copper globally on national security grounds (under Section 232) and that these tariffs are not specific to India.

In an exclusive interview with ANI, Kheruka noted that while India is already a global leader in this niche, trade had previously stalled due to the lack of a formal agreement. He characterised the deal as a "historic agreement" and credited the diplomatic efforts of President Trump and Prime Minister Narendra Modi for resolving long-standing issues between the two nations.

The meetings underscored growing confidence in India's economic trajectory, with leaders from the energy, technology, and hospitality sectors pledging to significantly expand their operations in India.