US-India trade deal boosts stocks and rupee outlook
pre-market1 source ↓written by the desknot a recommendation
- Indian goods
- 25% to 18%
- in early trading
- 4.5%
Indian equities are set to improve following a new trade agreement between New Delhi and Washington, which reduced tariffs on Indian goods from 25% to 18%. This shift is expected to attract foreign investors back to Indian markets, supporting a recovery in the rupee as well. The GIFT Nifty surged 4.5% in early trading, reflecting positive market sentiment.
Not investment advice. For informational purposes only.