Trade war: Rupee rises 5 paise against US dollar despite Trump’s 50% tariff blow on India
Thursday, 7 August 2025 () The rupee appreciated slightly to 87.67 against the US dollar following President Trump's imposition of a 50% duty on Indian goods in response to continued Russian oil imports. This move threatens Indian exports and could negatively impact India's GDP growth, potentially falling below 6% in FY26.
Nikki Haley has sharply criticized Donald Trump’s proposed tariffs on Indian goods over New Delhi’s Russian oil purchases, calling the move "strategically dangerous." In a viral post on ‘X’, the former UN Ambassador warned Trump not to “burn a relationship with a strong ally like India”...
Ukraine’s President Volodymyr Zelensky has reportedly not been invited to the upcoming Trump–Putin peace summit in Alaska on August 15, raising concerns of a diplomatic sidelining. White House..
Bishara Bahbah, a key figure in former President Trump’s Gaza negotiating team, has resigned, accusing the U.S. and Israel of sabotaging near-successful ceasefire talks with Hamas. Bahbah claims..
Just days before Donald Trump’s planned high-stakes meeting with Vladimir Putin, European allies have thrown a wrench into his peace plan. Leaders of the UK, France, Germany, Italy, Poland, Finland,..
The rupee plummeted to a record closing low of 87.8 against the dollar amid escalating US-India trade tensions fueled by potential tariff hikes. Equities... IndiaTimes
Thursday, 7 August 2025 ()
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