Following a decisive 30-minute phone call between the two leaders on February 2, 2026, the United States has officially reduced its reciprocal tariff rate on India from 25% to 18%, effective immediately. This move effectively scraps the 25% "punitive duty" previously linked to India’s Russian oil purchases, signaling a major de-escalation in trade tensions. However, the deal comes with explosive claims from the White House. President Trump stated on Truth Social that PM Modi has agreed to HALT all future purchases of Russian oil, pivoting instead toward US and potentially Venezuelan energy. While PM Modi hailed the tariff cut as a victory for "Made in India," the Indian side has yet to explicitly confirm the Russian oil exit or the staggering $500 Billion purchase commitment claimed by Washington.
03 February,2026 06:08 PM IST
The Indian stock market rallied for the fourth straight session on September 13. At 9.23 am, the Sensex traded at 60,454.35 points, up 339.22 points or 0.56 percent, while the Nifty traded at 18,040.85 points, up 104.50 points or 0.58 percent. Among the Nifty 50 companies, 47 advanced and the rest three declined this morning, National Stock Exchange data showed. Prior to last Thursday, the benchmark indices - Sensex and Nifty - fell for two sessions on the likelihood of aggressive rate hikes in the US to fight inflation as indicated by the US Federal Reserve.
13 September,2022 10:41 PM IST | Mumbai
After plummeting sharply during yesterday's trading, the Bombay Stock Exchange (BSE) Sensex on Tuesday gained more than 356 points to touch 26,098 at the opening.
25 August,2015 12:30 PM IST
Sensex & Nifty faltered in early trade on Wednesday, paring some of the gains in the previous session as investors worried that fresh rate cuts in China would not be enough to stabilise its cooling economy or halt falls in global equity markets.
26 August,2015 03:09 PM ISTADVERTISEMENT
