Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>US draft adds 25% tariff on Indian imports from Aug 27, risking rupee weakness and major export losses</h1> The Indian rupee weakened 13 paise to 87.69 per US dollar after a US draft notice announced implementation of an additional 25% tariff on Indian imports-raising total levies to 50% from August 27-prompting dollar demand by importers and concerns for labour-intensive export sectors (shrimp, apparel, leather, gems & jewellery). The measure would affect over half of USD 86 billion exports to the US, while pharmaceuticals, electronics and petroleum remain exempt. Market reactions included equity declines, foreign investor sell-offs and analysts' warnings of continued downside pressure on the rupee amid tariff uncertainty.