India’s rupee plunged toward a record low and equity indexes declined on Thursday after U.S. President Donald Trump slapped steeper-than-expected tariffs on Indian goods, with analysts warning of sustained pressure on the country’s growth. The 25% tariffs announced could shave off the South Asian nation’s growth in 2025-26 by up to 40 basis points, with the threat of additional penalties further clouding the outlook, economists said.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

‘Time to end’ the war: Biden

US President Joe Biden said that it was “time to end” the…

EU’s Borrell demands inquiry into attack

EU foreign affairs minister Josep Borrell has called for an investigation into…

Hamas offered 40-day truce in Gaza, release of prisoners: UK

Hamas has been offered a 40-day ceasefire and the release of “potentially…