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15hon MSN
India's central bank keeps policy rates steady at 5.25% as US., EU trade deals ease growth concerns
Economists polled by Reuters had forecast the policy rate to remain unchanged at 5.25%.
The United States and India finalized a trade agreement Monday, helping stabilize a relationship that had been in decline during Trump’s second term.
Lower tariffs may revive India’s role in global sourcing, but the still-unratified deal underscores how fragile fashion’s supply chain calculus has become.
The U.S. and India have finalized a trade deal on Monday after months of negotiations, steadying a relationship that had plummeted to its lowest point in decades.
Officials and business leaders welcomed lower tariffs, but India has not yet confirmed that it would stop buying Russian oil, which President Trump said Prime Minister Narendra Modi had agreed to.
People around the world are calling this the mother of all deals,” Indian Prime Minister Narendra Modi said of the agreement, which represents a quarter of the world’s economy.
The India-U.S. trade deal is a significant breakthrough, but is laced with terms that can cause friction between the two nations.
Prime Minister Narendra Modi says India and the European Union have reached a free trade agreement to deepen their economic and strategic ties
Feb 6 (Reuters) - Tata Steel, India's second-largest maker of steel by market capitalisation, reported a bigger-than-expected third-quarter profit on Friday as higher sales volumes helped cushion the impact from weak steel prices.