https://www.taxtmi.com/news?id=70621 The interim trade framework will see the US reduce tariffs on Indian goods to 18% from roughly 50%, while India will eliminate or lower import duties on US industrial goods and a broad range of American food and agricultural products; India also expressed intent to purchase USD 500 billion of specified US goods over five years. The announcement coincided with rupee volatility, which settled at 90.74 per USD, amid equity gains, foreign inflows and a rise in forex reserves to USD 723.774 billion. en-us Mon, 09 Feb 2026 16:16:03 +0530 Mon, 09 Feb 2026 16:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=70621 The interim trade framework will see the US reduce tariffs on Indian goods to 18% from roughly 50%, while India will eliminate or lower import duties on US industrial goods and a broad range of American food and agricultural products; India also expressed intent to purchase USD 500 billion of specified US goods over five years. The announcement coincided with rupee volatility, which settled at 90.74 per USD, amid equity gains, foreign inflows and a rise in forex reserves to USD 723.774 billion. News - Mon, 09 Feb 2026 16:16:03 +0530 https://www.taxtmi.com/news?id=70621