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India's exports to the US witnessed a significant surge of 23.53% in June, reaching $8.3 billion, while imports decreased by 10.61%. During the first quarter of FY26, exports to the US climbed 22.18% to $25.51 billion. Simultaneously, trade with China also experienced growth, with exports increasing by 17.18% in June and 17.87% during the April-June period.
US President Trump announced the US is pursuing a trade agreement with India, aiming for greater access to Indian markets, similar to the deal struck with Indonesia. Indian commerce ministry officials are currently in the US for trade t ...more
Petroleum Minister Hardeep Singh Puri stated that global crude oil prices remain stable despite geopolitical tensions, indicating sufficient energy resources worldwide. India is actively engaging in global energy forums and expanding it ...more
The rupee strengthened to 85.76 against the US dollar, buoyed by a weaker dollar and lower crude oil prices. Gains were capped by persistent foreign fund outflows and uncertainty surrounding India-US trade talks. India's merchandise exp ...more
State Bank of India has revised its fixed deposit interest rates. The new rates apply to short-term deposits. These range from 46 days to less than a year. The reduction is 15 basis points. Revised rates are effective from July 15, 2025 ...more
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