India, April 3 -- Indian shares were slightly lower on Thursday after U.S. President Donald Trump announced 26 percent reciprocal tariff on India - half the rate India imposes on U.S. imports, leaving some room for negotiation.
Good news is pharma as well as steel, copper, bullion, energy and other certain minerals that aren't available in the U.S., are exempt from the reciprocal tariff for now.
Investors also await cues from an upcoming RBI policy meeting, with speculation rife that the Monetary Policy Committee (MPC) will announce a 25 basis points cut in the policy repo rate during its upcoming April 7-9 meeting.
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The benchmark S&P/BSE Sensex was down...