The story so far: On July 30, U.S. President Donald Trump announced 25% tariffs on imports from India “plus a penalty”. While this puts to rest months of speculation over what the tariffs would be on Indian imports into the U.S., it opens up fresh uncertainties with respect to a potential bilateral trade agreement between…
Representational image of a n Indian Oil fuel station in Sonipat. | Photo Credit: Reuters India will keep purchasing oil from Russia despite U.S. President Donald Trump’s threats of penalties, two Government sources told The New York Times, not wishing to be identified due to the sensitivity of the matter. “These are long-term oil contracts,”…
Gold steadied last week whereas silver depreciated. Gold ($3,363/ounce) was up 0.8 per cent but silver ($37/ounce) lost 3 per cent. Similarly, in the domestic market, gold futures (Oct) (₹99,754/10 gm) gained 1 per cent whereas silver futures (Sep) (₹1,10,258/kg) was down 2.5 per cent. MCX-Gold (₹99,754) The October gold futures was largely flat until…
U.S. stocks slumped on Friday (August 1, 2025), and the S&P suffered its biggest daily percentage decline in more than two months as new U.S. tariffs on dozens of trading partners and a surprisingly weak jobs report spurred selling pressure. Also weighing on equities was an 8.3% tumble in Amazon.com shares after the company posted…
India’s exports of petroleum products such as diesel and jet fuel to the U.S. continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi’s energy trade with Russia. On Wednesday, Mr. Trump had…
The Brokers Association ANMI (Association of National Exchanges Members of India) is working on drawing up recommendations to make cash equity markets for retail participants amidst the Jane Street manipulation in the futures and options trade. Part of their recommendations was to increase the entry barriers for retail participants to start trading in F&O. The…
Image for representational purposes only. | Photo Credit: Getty Images The Central government’s gross revenue from the Goods and Services Tax (GST) grew to ₹1.96 lakh crore in July, up 7.5% from the collections in July last year, and 6% higher than the collections in June 2025. Refunds under the system, however, surged by nearly…
Image used for representative purpose only. | Photo Credit: Reuters The rupee appreciated 40 paise to 87.25 against the U.S. dollar in early trade on Friday (August 1, 2025), amid lower crude prices and suspected RBI interventions as the U.S.’s imposition of a 25% tariff on Indian exports heightened investors’ concerns. Forex traders said the…
Image used for representative purpose only. | Photo Credit: Reuters Stock market benchmark indices Sensex and Nifty declined in early trade on Friday (August 1, 2025) amid tariff related concerns and sustained foreign fund outflows. The 30-share BSE Sensex fell by 111.17 points to 81,074.41 in opening trade. The 50-share NSE Nifty dropped 33.45 points…
Image for representation only | Photo Credit: Getty Images The Reserve Bank of India is unlikely to re-introduce the policy of lending money daily to banks at a fixed rate, despite increased clamour for it from market participants, three sources said on Thursday (July 31, 2025). The policy, called fixed rate liquidity operations, will help…
