India, Aug. 28 -- It has been over 24 hours since the 50 per cent tariffs on Indian imports to the United States officially took effect, an event which the stock market also displayed ripple effects of as benchmark indices BSE Sensex and NSE Nifty dropped on Thursday, August 28.
In another development, India extended exemption of import duties on cotton in relief to the textile industry which stands exposed to getting hit hard due to US President Donald Trump's tariffs.
Trump's 25 per cent additional tariffs on goods going from India to the US kicked in on Wednesday, August 27, doubling the total duties on Indian imports to 50 per cent. A 25 per cent tariff was already in place.
Donald Trump has attributed India's Russian oil purchase ...
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