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 […]
Trump Plans to Increase Tariffs on India to 50 Percent Due to Russia Oil Purchases
Trump to Raise Tariffs on Indian Oil Imports President Donald Trump is set to increase tariffs on Indian imports to 50% later this month in response to India’s ongoing purchases of Russian oil. He has signed an executive order that adds an extra 25% tariff, supplementing the 25% tariff that was implemented on August 1. […]
Trump prefers China to India in trade matters.
As President Trump’s tariffs take effect, tangible results will soon emerge. However, the reasoning behind these tariff levels is still a bit murky, and dialogues with essential trading partners are ongoing, even after the August 1 deadline. The repercussions of these tariffs are evident, yet gauging their international diplomatic and political ramifications is tricky. It […]
India Blocks Assets Tied to Man Imprisoned in the US for $20M Crypto Fraud
Simply put Chirag Tomar, imprisoned in the U.S. for a $20 million cryptocurrency scam involving a counterfeit Coinbase website, has had $4.8 million (42.8 crores) in assets seized by the Indian Bureau of Enforcement. Authorities allege that Tomar executed a complex phishing scheme, routing revenues to Indian bank accounts through P2P platforms. The Enforcement Directorate […]