India, Aug. 5 -- Indian shares look set to open on a flat note Wednesday as investors react to U.S. President Donald Trump's latest tariff threats and await the Reserve Bank of India's policy announcement, with investors expecting a rate pause and dovish signals to offset rising external risks.
Trump on Tuesday threatened to raise tariffs on Indian goods "very substantially" within 24 hours, citing India's continued purchases of Russian oil.
ICRA, the Indian ratings agency, downgraded India's GDP growth projection for FY26 from 6.2 percent to 6.0 percent, citing U.S. tariff risks and trade uncertainty.
Benchmark indexes Sensex and Nifty fell around 0.4 percent and 0.30 percent, respectively on Tuesday amid escalating trade tensions with ...