https://www.taxtmi.com/news?id=51778 An executive additional tariff penalizes India for continued Russian oil imports by doubling duties on specified exports with a 21 day window, targeting sectors such as textiles, marine and leather. The tariff escalation threatens export access, pressures the domestic currency, prompts reserve drawdowns from active currency defence operations, and complicates monetary policy, as the central bank holds the policy rate and a neutral stance amid heightened external stress. en-us Thu, 07 Aug 2025 10:01:03 +0530 Thu, 07 Aug 2025 10:01:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=51778 An executive additional tariff penalizes India for continued Russian oil imports by doubling duties on specified exports with a 21 day window, targeting sectors such as textiles, marine and leather. The tariff escalation threatens export access, pressures the domestic currency, prompts reserve drawdowns from active currency defence operations, and complicates monetary policy, as the central bank holds the policy rate and a neutral stance amid heightened external stress. News - Thu, 07 Aug 2025 10:01:03 +0530 https://www.taxtmi.com/news?id=51778