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13.09.25 - 11:30
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US tariffs bite: Equities slump as FPI outflows hit $4 billion; rupee dips to record low (Times of India)
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In August, a Crisil report indicated that the U.S.'s 50% tariff hike on Indian imports tightened domestic financial conditions, significantly impacting equity markets. Foreign portfolio investors continued net outflows, particularly in equities, while the rupee weakened against the dollar. Despite these pressures, expectations of GST revisions and potential credit rating upgrades limited market declines....
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11.09.25 - 11:54
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Bilateral trade in local currencies: PM Modi′s big push during Mauritius PM′s India visit (Times of India)
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India and Mauritius are set to enhance their economic ties by enabling trade in local currencies, as announced by Prime Minister Modi. This initiative builds upon previous collaborations like UPI and RuPay services. India will also provide a Special Economic Package to fund key projects in Mauritius, focusing on healthcare, infrastructure, and renewable energy, strengthening the bilateral relationship....
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07.09.25 - 23:42
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Government keeping ′good watch′ on rupee movement: Sitharaman (Times of India)
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Finance Minister Nirmala Sitharaman stated the government is closely monitoring exchange rates, highlighting the widespread depreciation of currencies against the strengthening US dollar. The rupee recently hit a record low of 88.27 against the dollar, influenced by concerns over newly imposed US tariffs, including a significant penalty on Russian crude oil imports, impacting key sectors like textiles and gems....
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06.09.25 - 06:06
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Rupee slips to a fresh low of 88.27 against $ (Times of India)
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The Indian rupee plummeted to a record low of 88.27 against the dollar, defying the upward trend of other Asian currencies. This decline is attributed to concerns over impending US tariffs on Indian exports, particularly in response to India's purchase of discounted Russian oil. Heavy foreign portfolio outflows, exceeding $1....
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