India, April 11 -- Indian shares rallied on Friday after U.S. President Donald Trump announced a 90-day suspension of an additional 26 percent tariff on India, while maintaining a base tariff of 10 percent.
A weaker dollar in international markets and plunging oil prices on demand concerns also underpinned investor sentiment and helped offset worries about rising U.S.-China tensions.
China today escalated its trade dispute with the United States, announcing additional tariffs of up to 125 percent on a broad range of American goods.
Thursday's U.S. CPI data came in lower than expected, helping fuel expectations that the Federal Reserve could now cut rates either in the May or June FOMC meeting.
The benchmark S&P/BSE Sensex jumped 1,310.1...