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The United States has ended a tariff exemption for Chinese goods under $800, impacting e-commerce giants like Shein and Temu. This move, justified by the White House as countering opioid flows, imposes tariffs up to 145% and is part of an escalating trade conflict between the US and China.
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News and Media
An RBI working group has proposed extending call money market hours to 7 PM and repo/TREPS trading to 4 PM, aiding banks in managing 24x7 liquidity demands efficiently.
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News and Media
Poonam Gupta has assumed her role as the new deputy governor at the Reserve Bank of India, joining the Monetary Policy Committee. With extensive experience at the World Bank and IMF, she will oversee key departments and contribute to monetary policy decisions. Gupta's expertise is crucial amidst global economic challenges and fluctuating inflation rates.
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News and Media
Indian benchmark indices ended higher on Friday, extending gains for the third straight week, driven by hopes of an India-US trade deal and consistent foreign portfolio investor inflows for 11 sessions.
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News and Media
Pan-India real estate presents a mixed bag, with Mumbai and Pune outperforming while NCR and Bengaluru show signs of fatigue. High-end projects in Mumbai, particularly Worli Sea Face, are seeing transactions exceeding 200,000 per square foot. Experts anticipate that softening interest rates and the Pradhan Mantri Awas Yojana 2.0 will revitalize the affordable housing segment.
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News and Media
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