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India-US Tariff Deal Boosts Rupee and Festive Sales

10/24/2025

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Story summary
  • The Indian rupee is set to open higher as India and the United States push a deal to cut tariffs from 50% to about 15–16%, signaling improved trade relations.
  • The expected tariff reduction could boost investor confidence and influence global markets, including cryptocurrencies.
  • Diwali sales reached Rs 6.05 lakh crore, while about 50 lakh temporary jobs were created during the festive season.