US tariff hike

April 14, 2025 2:17 PM

Crisil projects 6.5% GDP growth for India in FY26, flags US tariffs as key risk

Global credit rating agency Crisil on Monday projected India's GDP to grow by 6.5% in fiscal 2026, while cautioning that US tariff hikes remain a significant downside risk to the forecast. Despite external headwinds, Crisil expects monetary easing by the Reserve Bank of India (RBI) to offer some cushion, along with other positive domestic developments. “Interest rate cuts, income tax relief, and easing inflation are expected to boost consumption this fiscal. Additionally, a normal monsoon cou...

April 11, 2025 12:04 PM

Dollar sinks to decade-low vs Swiss franc as US hit by loss of confidence

The dollar slumped on Friday as waning confidence in the U.S. economy prompted investors to ditch U.S. assets to the benefit of safe havens such as the Swiss franc, yen, and euro, as well as gold. The yellow metal recorded a new all-time peak, and the franc notched a fresh decade high. Investors dumped Wall Street stocks overnight, as a powerful relief rally on Wednesday - when President Donald Trump abruptly paused higher tariff rates on dozens of trading partners - reversed course in a frene...

April 1, 2025 4:45 PM

Sensex plunges nearly 2 percent amid US tariff concerns

Indian stock markets plunged on Tuesday, the first trading session of the new financial year, as investors reacted to global trade tensions ahead of the US reciprocal tariff announcement on Wednesday. The Sensex tumbled 1,390.41 points, or 1.80 percent, closing at 76,024.51, after swinging between an intra-day high of 77,487.05 and a low of 75,912.18. The Nifty 50 also slumped 353.65 points, or 1.50 percent, to settle at 23,165.70, with an intra-day range of 23,565.15 to 23,136.40. The selloff...

March 19, 2025 1:57 PM

India’s domestic market expected to cushion impact of US tariff hike: Fitch

India’s large domestic market is expected to shield its economy from the impact of rising US tariffs, helping the country maintain stable growth global ratings agency Fitch has stated. Fitch has kept its growth forecast for India unchanged at 6.5 per cent for the financial year 2025-26 (FY26), with an upward revision for FY27 to 6.3 per cent, up from the earlier estimate of 6.2 per cent. Fitch's forecast compares favorably with the Organisation for Economic Co-operation and Development (OECD...