- Search results for trade war
Of greatest concern to many is the trade war with the U.S. that threatens higher tariffs on hundreds of billions of dollars of Chinese exports.
As the two economic superpowers battle it out, India is in a position to dictate terms simply due to the sheer size of its market
Sectoral indices led by metal, IT, auto, tech, consumer durables, realty and oil & gas were trading in the positive zone, rising up to 1.46 per cent.
On Friday, the rupee had gained 10 paise to end at 68.60 against the US dollar in line with a stellar rally in domestic equities despite the ongoing global trade war jitters.
The heated response came after China threatened to impose retaliatory tariffs on another $60 billion in US exports, as the tit-for-tat trade war with Washington shows no signs of abating.
The Chinese reaction is sure to ratchet up tensions with the Trump administration at the end of a week that saw stock markets rattled by the intensifying trade battle.
A day after the Reserve Bank of India warned of a global currency war, Asian currencies tumbled against the US dollar on fresh concerns of a trade war between the US and China.
The search engine project comes amid a US-China trade war, with both sides imposing tit-for-tat tariffs and President Donald Trump accusing Beijing of stealing US technological know-how.
Repo rate, at which central bank lends to other banks, now stands at 6.5 per cent. Moreover, fall in Asian stocks on renewed US-China trade war concerns influenced the sentiment here, brokers said.
The heads of the so-called BRICS -- Brazil, Russia, India, China and South Africa -- met for an annual summit dominated by the risk of a global US-led trade war.