Denemek ALTIN - Özgür
₹ surges most in 6 weeks on tariff-relief bets
Business Standard
|August 20, 2025
The rupee extended its rally on Tuesday, logging the steepest single-day gain since July 3, amid optimism the US may ease its stance on the punitive tariff on Indian goods, after American President Donald Trump's meetings with the Russian and Ukrainian leaders.
The US had imposed an extra 25 per cent duty on Indian goods, effective August 28, citing New Delhi's continued purchase of discounted Russian oil.
The rupee advanced 0.45 per cent to settle at 86.96 per dollar, the strongest since July 29, compared with its previous close of 87.35.
Sentiment was also buoyed by the central government's proposal to simplify and cut GST rates by scrapping the 12 per cent and 28 per cent slabs, alongside S&P Global's upgrade of India's sovereign credit rating to 'BBB' from 'BBB-'.
The moves helped the currency strengthen 0.7 per cent over the past two sessions.
Bu hikaye Business Standard dergisinin August 20, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Business Standard'den DAHA FAZLA HİKAYE
Business Standard
Maruti, Hyundai grip wheel in a turning market
Exports, lean costs, and tax cuts keep growth engines humming, but next bend will call for sharper steering
2 mins
November 03, 2025
Business Standard
Fighting the Raj from America
In the years before World War I, a wave of Indian immigrants arrived in the United States (US) seeking work.
4 mins
November 03, 2025
Business Standard
Your credit is easier to steal than your money
TRUTH BE TOLD
3 mins
November 03, 2025
Business Standard
Govt taps IISc to boost critical minerals research
The Ministry of Mines has recogni-sed the Indian Institute of Science (IISc), Bengaluru, as one of the centres of excellence (CoE) under the National Critical Minerals Mission, a ₹16,300-crore initiative to bolster the country’s self-reliance in minerals essential for clean energy, defence and advanced technologies.
1 min
November 03, 2025
Business Standard
Trump threatens military action against Nigeria over ‘killing of Christians’
President Donald Trump threatened possible US military action against Islamist militants in Nigeria if the country's government doesn't halt the groups' \"killing of Christians\".
1 min
November 03, 2025
Business Standard
TFCI's growth drivers: Hotels, real estate, MSME solar
The Tourism Finance Corporation of India (TFCI) is seeing strong demand for hospitality and real estate funding and plans to expand into new areas, such as micro, small, and medium enterprise (MSME) solar financing for the tourism sector, said Anoop Bali, managing director and chief executive officer of TCI, in an interview with Harsh Kumar in New Delhi.
2 mins
November 03, 2025
Business Standard
Saudi Arabia's flyadeal to start India flights in Q1 of 2026: CEO
Bullish on the fast-growing Indian aviation market, Saudi Arabia's no-frills carrier flyadeal will start flights to Indian cities, including Mumbai, from the first quarter of 2026.
1 min
November 03, 2025
Business Standard
Use passive funds to build stable, diversified, long-term core portfolio
Avoid need to chop and change funds due tounderperformance; supplement with active funds in satellite portion
3 mins
November 03, 2025
Business Standard
Dubai's kids entertainment brand to debut in India in '26
Kids' luxury entertainment space, Boo Boo Laand, which is present in Dubai Mall, is expected to enter India by 2026, with its first launch in Mumbai's Jio World Plaza, a luxury shopping mall.
1 min
November 03, 2025
Business Standard
GST cut sees 2W owners upgrade to Maruti small cars
The share of small cars in Maruti Suzuki India has gone up sharply after the GST reforms, with the country’s largest carmaker witnessing a new profile of customers this festival season, who want to upgrade from two-wheelers to their first car buoyed up by the recent tax cuts.
2 mins
November 03, 2025
Listen
Translate
Change font size