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Category: CRYPTO NEWS
The post USD/INR extends decline on US-India trade talks progress appeared on BitcoinEthereumNews.com. The Indian Rupee furthers its upward move in Friday’s Asian session. Positive developments in the trade talks and continued foreign inflows support the INR. Escalating geopolitical tensions after the Kashmir attack might cap the pair’s upside. The Indian Rupee (INR) strengthens on Friday. The optimism surrounding US-India trade talks provides some support to the Indian currency. Currently, the 26% reciprocal tariff on India that the US imposed is on a 90-day pause. The suspension will expire on July 8. However, India does face a 10% tariff as other nations per the US trade policy. Furthermore, rising Foreign Institutional Investors (FII) inflows might contribute to the INR’s upside. Nonetheless, heightened geopolitical tensions following a terror attack in Pahalgam, Jammu, and Kashmir might drag the Indian currency lower. Investors will keep an eye on the final reading of the US Michigan Consumer Sentiment later on Friday. Indian Rupee edges higher amid escalating tensions between India and Pakistan According to the Reuters poll, the Reserve Bank of India is expected to cut the Repo Rate to 5.50% by end-Q3 (vs. 5.75% in March poll). India’s economy is to grow 6.3% in 2025-26 and 6.5% in 2026-27 (vs 6.5% and 6.5% in March poll), Reuters poll. Asked how US tariffs have affected business sentiment in India, 60% of economists, 21 of 35, said the impact was negative or very negative. Meanwhile, 14 economists said it was neutral. Pakistan has announced a series of retaliatory diplomatic moves against India and demanded evidence to back up the Indian government’s claims that Islamabad was involved in the Kashmir attack. US Treasury Secretary Scott Bessent has suggested that India is likely to become the first country to finalise a bilateral trade agreement with the US to avoid Trump’s reciprocal tariffs on Indian exports. Minneapolis Fed President Neel Kashkari…
2025-04-25T03:38:10+00:00