India–US trade deal sparks market rerating

18 hours ago

The landmark agreement between New Delhi and Washington cuts tariffs, stabilises the rupee and removes key overhangs for Indian equities.

India–US trade deal sparks market rerating

A newly announced India–US trade deal marks a decisive turning point for markets. Tariffs have been cut to 18% from 25%, the punitive levy on Russian oil has been scrapped and India has committed to lowering tariffs on US goods, with some categories moving towards zero levies.

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