The downside in the Indian rupee, which has been steadily depreciating over the past months, is unlikely to abate soon as it hit yet another record low on Monday.
India is hopeful of signing the first tranche of the India-US Bilateral Trade Agreement within the current calendar year, Commerce Secretary Rajesh Agarwal optimistically said on Friday. Talking at FICCI AGM, he indicated that talks have progressed substantially despite recent shifts in g
The Indian Rupee may continue to weaken gradually and inch towards the psychological level of 90 per US dollar by March 2026, highlighted a report by Union Bank of India.
Union Commerce and Industry Minister Piyush Goyal on Tuesday said there is "no pause or hiatus" in the relationship with the United States which is very strategic for both countries and that there will be "good news" on the Bilateral Trade Agreement (BTA) as and when "right balance" is reach
India remains engaged with the United States on the proposed Bilateral Trade Agreement (BTA), and the first tranche of the deal, focused on addressing reciprocal tariffs, is now "near closure", Commerce Secretary Rajesh Agrawal said on Monday while releasing the October trade data.
India is expected to gain a small edge as the US administration has exempted agricultural products from the reciprocal tariffs it had imposed on several countries, said trade think tank GTRI.
The talks for a trade deal between India and the United States are progressing well, and the Bilateral Trade Agreement (BTA) with the United States would be "most detailed and WTO-compliant", government officials said on Tuesday.
Union Commerce and Industry Minister Piyush Goyal, on Tuesday said that the government is trying to work out a fair, equitable and balanced trade deal with the United States and is also preparing for every contingency.
The selling spree continued in Indian stock markets on Friday, as both key indices extended their weekly losses, slipping nearly 1 per cent amid weak investor sentiment and a lack of clarity on the much-anticipated India-US trade deal.
Union Commerce Minister Piyush Goyal on Wednesday indicated that talks on the India-US Bilateral Trade Agreement are "going on very well", but said that there are "many sensitive and serious issues" and it would take time.
"The latest data make one point clear: tariffs have not only squeezed India's trade margins but also exposed structural vulnerabilities across key export industries," GTRI said.
After three consecutive months of persistent selling, foreign portfolio investors (FPIs) again turned net buyers in the Indian stock markets in October.