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rupee liquidity. However, the trading position would impact the market's view on how much it could erode future foreign exchange reserves, experts said. RBI's net short positions in the forward book reached a record high of $77.5 billion as of January 31, with the majority of positions in the three-month to one-year tenure at $30.6 billion, central bank data showed. The RBI also did two dollar-rupee buy-sell swaps in February — $5 billion for a six-month tenure and $10 billion for a three-year tenure.

interest rate cuts to keep inflation in check without allowing growth to slide below a critical level. As Trump's tariff actions spread across the world, governments will face greater fiscal imbalance as their trade surplus with the US shrinks and they spend more to insulate domestic demand. Central banks will have a more straightforward choice in monetary accommodation. This should benefit bond markets outside the US.

Canada enters day two of a tariff war with the United States with a glimmer of hope south of border.

(Bloomberg) — Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if US President Donald Trump leaves any tariffs on Canada in place, according to a senior Canadian government official.

Enbridge Inc. has made a nearly $2.5-billion bet that demand for Canadian oil and gas won’t slow down anytime soon as it announced large capital investments aimed at growing capacity on its Mainline crude pipeline to the United States and expanding natural gas transmission in Northern British Columbia.

markets regulator Sebi's recent directive on minimum information has many inconsistencies and is «laughable», former Sebi chairman M Damodaran said on Wednesday. Addressing an event organized by the Institute of Internal Auditors here, Damodaran said we will not be able to see good governance at companies if there are prescriptive arrangements, and advocated that such practices come from within. He quipped that the February 14 directive on industry standards on minimum information to be provided for review by the audit committee and shareholders for approval of a related party transaction is a «very elaborate» document.

shipping executives gathered this week in Long Beach, California, for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On Tuesday, President Donald Trump upended decades of mostly free trade with the two biggest US trading partners, slapping 25% tariffs on goods from Mexico and Canada. The White House also layered another 10% duty on China on top of an identical hike a month before.

Rising price pressures could be worsened by a trade war, triggered by President Donald Trump's new 25% tariffs on imports from Mexico and Canada, which took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%. The Institute for Supply Management (ISM) said on Wednesday its nonmanufacturing purchasing managers index (PMI) climbed to 53.5 last month from 52.8 in January. Economists polled by Reuters had forecast the services PMI dipping to 52.6.

The agency estimated Indian steel may see a price correction of about 3,000 rupees ($34.52) per ton. Local steelmakers have been battling a rising influx of discounted steel, with intake from China, South Korea and Japan hitting a record high in first 10 months of the current fiscal.

In a Wednesday interview with Bloomberg Television, Lutnick said that Trump would update his tariff plans with an afternoon announcement, possibly sparing sectors such as autos from the import taxes. «There are going to be tariffs, let's be clear,» Lutnick said. «But what he's thinking about is which sections of the market that can maybe — maybe — he'll consider giving them relief until we get to, of course, April 2.»

President Claudia Sheinbaum said that Mexico could shift trade alliances «if necessary,» referring to the possible continuation of the tariffs. Trump's new 25% tariffs on imports from Mexico and Canada took effect on Tuesday, along with fresh duties on Chinese goods, standing to seriously alter supply chains and long-standing trade partnerships.

trade and commercial ties with India has urged both countries to focus on normalising trade and business relationship between them for the welfare of the people of both sides. In a letter to the Pakistan-India Joint Business Forum (PIJBF) Wednesday, the Pak-India Business Council chairman Noor Muhammad Kasuri asked it to play its due role in creating circumstances where the two countries may save approximately USD 10 billion in the fields of energy sector, petroleum products, raw material for pharmaceutical industry, consumers' goods, cotton items and infrastructure development. He said the businessmen of both countries suffered due to passive ties for the last six years. «Strenuous efforts should be made to create a conducive atmosphere where businessmen of both the countries may avail trade and business opportunities present in their respective countries,» he said.

Bitcoin (BTC) climbed 1.9%, reaching $88,465, marking a steady recovery from recent pullbacks. Despite this surge, BTC remains 23% below its January 2025 peak of $109,000. The trading volume stood at $42.6 billion, reflecting strong investor activity. How did Ethereum and other Altcoins perform?

AFP quoted Ana Cristina Villalpando Fonseca, head of the National Chamber of the Tequila Industry (CNIT) as saying.According to Mexico’s Tequila Regulatory Council, two-thirds of the country's tequila produced last year was exported to the US, accounting for about 335 million liters. That made up 83.6 percent of tequila exports, representing about $4.5 billion worth of liquor.Following the new tariffs, Villalpando said prices for tequila will likely go up in the US.“The possible increase in tequila prices in the United States could encourage substitution with other alcoholic drinks," she said.US Tariffs News LIVE: According to truthsocial.com, US President Donald Trump's speech on new tariffs has been approved by 76 percent people.US Tariffs News LIVE: Speaking to reporters, as quoted by CNBC, Mexican President Claudia Sheinbaum said on Wednesday that she expects to speak with Trump on Thursday.Till now, Mexico has not yet declared retaliatory tariffs on the US, though Sheinbaum said on Tuesday that those would be announced this weekend.US Tariffs News LIVE: At the World Trade Organization on Wednesday, Canada has requested consultations with the United States on 'unjustified tariffs', Reuters quoted Canada's Ambassador to the WTO in Geneva as saying."The U.S.

Subscribe to enjoy similar stories. BEIJING : As President Trump ratchets up the political and economic pressure on China, Beijing has responded with a clear message: China will resist U.S. efforts to constrain its rise.

Malaysia on Wednesday to bolster the Southeast Asian country's efforts to produce high-end semiconductors amid the US-China tech trade war. Malaysia is a key player in the vital chips sector but has been largely focused on packaging, assembly and testing services — the lower end of the market. The agreement will see Softbank-owned Arm provide chip designs and other technology, helping Malaysia to move into more value-added production such as wafer fabrication and integrated circuit design.

Hong Kong billionaire Li Ka-shing may have just pulled off one of his boldest transactions yet. Under pressure from the Trump administration over two ports at the Panama canal controlled by CK Hutchison Holdings Ltd., Li’s company announced a plan to sell off the bulk of its global ports business to a consortium led by BlackRock Inc. In return, the Hong Kong firm will receive cash proceeds of more than $19 billion. Investors, and even some of CK Hutchison’s closest advisers, were surprised that what began with two Panamanian ports has now evolved into a much larger deal. Under the agreement, the company will sell 43 ports in 23 countries, while keeping facilities in mainland China and Hong Kong.

The rupee closed 0.3% higher at 86.9550 against the U.S. dollar, its best single-day gain since February 11.

tax loss harvesting. This strategy can help reduce tax liability, which may be higher this year due to the government's hike in both short-term and long-term capital gains taxes. In the July 2024 budget, Finance Minister Nirmala Sitharaman revised the STCG and LTCG rates, increasing the short-term capital gains tax from 15% to 20%. Shares held for less than 12 months will be subject to STCG.

Subscribe to enjoy similar stories. Tech companies and their services-focused revenue don’t appear to be in the crosshairs of the new tariffs imposed between the U.S., Mexico and Canada on Tuesday. But they’re far from immune from a growing trade war.

Subscribe to enjoy similar stories. Target boss Brian Cornell and his team were walking through a New York City conference center Monday night when the news broke: President Trump was following through on his tariff threats. The retailer’s executives huddled sitting on sofas in a greenroom next to the stage where they would meet with their biggest investors on Tuesday.