Trump’s trade conflict with India benefits China.
President Trump’s recent moves to impose sanctions on India, specifically targeting Russian oil imports and imposing tariffs on Indian exports, extend beyond mere trade disagreements. This action could potentially harm the critical strategic partnership the U.S. has with India, especially with China’s increasing military presence in the region. For years, the U.S. has viewed India […]
Indian Rupee stabilizes as easing inflation in India supports expectations for a rate cut by the RBI
Indian Rupee Gains Against the US Dollar Amid Fed Speculation The Indian rupee is making gains against the US dollar, influenced by expectations around the Federal Reserve’s dovish stance. In July, core inflation in the US rose to 3.1%, marking a faster increase. Conversely, India experienced its slowest retail inflation growth in eight years, settling […]
Zelensky Urges India to Halt Russian Oil Purchases in Discussion with PM Modi
Conversation between Zelensky and Modi on Russian Oil Purchases Ukrainian President Volodymyr Zelensky spoke with Indian Prime Minister Narendra Modi on Monday, reinforcing calls for India to reconsider its purchases of Russian oil. It’s a notable shift, as India has increasingly relied on Russian oil, especially after Europe imposed sanctions. Zelensky expressed gratitude to Modi […]
Indian Rupee remains steady as investors anticipate July’s CPI data for India and the US
The Indian rupee has dropped to nearly 87.90 against the US dollar as inflation in India rose moderately in July. India’s retail inflation rate increased to 1.55% year-on-year, marking the lowest level seen in eight years. The US and China have both consented to extend their 90-day tariff ceasefire. On Tuesday, during the latter part […]
Gold prices in India: Rates as of August 11
Gold Prices Decrease in India On Monday, gold prices in India saw a decline, as reported by FXStreet. The price of gold per gram dropped to INR 9,505.57, a decrease from INR 9,565.26 observed on Friday. In terms of tola, the price fell from INR 111,567.30 to INR 110,867.30 over the weekend. Unit Measure INR […]
Putin showcases relations with India and China before upcoming Trump meeting
On Friday, Russian President Vladimir Putin reached out to leaders in India and China just before a scheduled meeting in Alaska on August 17th. Putin contacted Indian Prime Minister Narendra Modi and Chinese President Xi Jinping, amid developments concerning trade relations. Trump indicated that a peace agreement must be sought, or else “secondary tariffs” could […]
India Allegedly Halts U.S. Weapons Acquisitions Due to Trump Tariffs
India seems to have initiated one of its first significant counteractions to President Donald Trump’s tariffs, as reported by Reuters on Friday. The purchase of arms from the United States is currently on hold, and Defense Minister Rajnath Singh’s planned visit to Washington has been canceled. In early August, President Trump imposed a general tariff […]
India Commends Strong Ties with Russia Amid Trump’s Tariff Warnings
Ajit Doval, India’s national security adviser, reaffirmed the country’s “strategic partnership” with Russia on Thursday after discussions with Russian military officials. Prime Minister Narendra Modi, in turn, reiterated his commitment to safeguarding India’s agriculture sector through tariffs and regulations, even in light of President Donald Trump’s punitive tariffs. Modi didn’t directly mention Trump or the […]
Gold prices in India on August 7
On Thursday, gold prices saw an uptick, as noted by data from FXStreet. The price for gold per gram increased to INR 9,527.26, up from INR 9,501.11 the day before. Similarly, the value of gold per Tola rose from INR 110,819.00 to INR 111,124.10. Unit Measure INR gold prices 1 gram 9,527.26 10 grams 95,272.56 […]
Many People Missing and Dead Following Sudden Floods in Northern India
Tragic Flooding in Northern India At least four people have lost their lives, and nearly 100 are reported missing following devastating floods in the small riverside village of Darari in northern India on Tuesday. The calamity was triggered by what’s known as a “cloud burst,” a phenomenon involving a sudden and intense downpour in a […]