February 3, 2026 12:35 PM
India-US trade deal to help stabilise rupee, boost FDI inflows: Report
The India-US trade deal should help narrow the current account deficit, stabilise the rupee, and reduce India’s vulnerability to global shocks over time, a report showed on Tuesday. The US has decided to reduce the reciprocal tariff on Indian goods to 18 per cent from the earlier 50 per cent. The trade deal is structurally positive for India’s medium-term growth and external stability. Improved market access and tariff certainty are likely to boost exports, support manufacturing investment...