India, April 8 -- Indian shares look set to resume losses on Wednesday as hopes of a tariff delay faded and the escalation of tariff battle between the U.S. and China fueled worries over an economic recession globally.
U.S. President Donald Trump is pushing ahead with higher duties on roughly 60 trading partners that he dubbed the "worst offenders", dashing hopes for a last-minute agreement.
The White House said many countries are lining up at the negotiating table in hopes of striking deals, with Korea and Japan among the first countries to negotiate with the U.S. directly.
Meanwhile, the Monetary Policy Committee of the Reserve Bank of India will be announcing its interest rate decision at 10 AM today, with a 25-bps rate cut already pr...