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Deccan Herald
23 minutes ago
- Deccan Herald
Rupee rises 12 paise to close at 87.53 against US dollar
Forex traders said the US' imposition of a 25 per cent tariff on Indian exports triggered risk-off sentiment and heightened concerns regarding further rupee depreciation.


Deccan Herald
23 minutes ago
- Deccan Herald
Imposition of 25% US duty not to impact India much; agriculture, dairy, GM food no go area in trade pact
Most of the Indian goods are already in the exemption category (such as pharma and electronic goods) of the US. So, they would not attract any duty, according to sources.


Indian Express
23 minutes ago
- Indian Express
India responds to Trump's tariff attack, says ties with US have weathered ‘many challenges'
India on Friday responded to US President Donald Trump's remarks calling the Indian economy 'dead' and his imposition of a 25% tariff, stating that the bilateral partnership remains resilient and forward-looking. 'India and the United States share a comprehensive global strategic partnership anchored in shared interests, democratic values, and robust people-to-people ties,' said Ministry of External Affairs spokesperson Randhir Jaiswal at a weekly press briefing. 'This partnership has weathered several transitions and challenges,' he said, adding, 'We remain focused on the substantive agenda that our two countries have committed to and are confident that the relationship will continue to move forward.' VIDEO | Delhi: Responding to a media query on progress in India-US ties, MEA spokesperson Randhir Jaiswal (@MEAIndia) says, 'There is a comprehensive global strategic partnership between India and US. This partnership is based on our national interest and democratic values. This… — Press Trust of India (@PTI_News) August 1, 2025 The comments came a day after Trump, in a post on Truth Social, announced new trade tariffs and described India's economy as 'dead' and accused it of exploiting trade benefits. Responding to questions on defence ties, Jaiswal emphasised, 'The two countries have a strong defence partnership which has been strengthened over the last several years. There is potential for this partnership to grow further.' On the matter of India's energy procurement strategies amid shifting global dynamics, Jaiswal clarified, 'In securing our energy needs, we are guided by what is on offer in the markets, and by the prevailing global circumstances.' 'Ties with any country, and all the ties that we have with various countries, stand on their own merit and shouldn't be seen through the prism of a third country. As far as India-Russia relations are concerned, we have a steady and time-tested partnership…,' he said when polled about Trump's remark regarding India-Russia relations.