The report titled "When the dollar turns on itself" states that while gold gained on the international market, local prices in India fell because the Indian rupee became much stronger after a trade agreement with the US.
US tariff relief calms export sentiment, for now, in a volatile trade environment, according to rating agency ICRA. In a recent press release, the agency noted that the outlook on apparel exports has been restored to 'stable', while the outlook for the cut and polished diamonds sector remain
While speaking with ANI, Rajesh Rokde, Chairman of the All India Gem and Jewellery Domestic Council, said, "The Gem and Jewellery industry is very happy with the agreement, and it going to give us big benefits. We have been in discussions with the government on the issue for a long time and
Memani noted that the United States, the world's largest economy, is also India's largest trading partner, with total Indian exports to the US estimated at around USD 80-90 billion annually. Of this, nearly 50-60 per cent, roughly USD 50 billion, comes from labour-intensive sectors such as g