India’s foreign exchange reserves surged by $305 million, reaching an impressive total of $654.271 billion for the week ending March 14, 2025, according to the latest data released by the Reserve Bank of India (RBI).
US-India Trade Tensions Intensify Amidst Tariff Plans
In global trade news, tensions between the United States and India continue to escalate, as reciprocal tariff measures are set to come into effect starting April 2, 2025. The White House confirmed the planned rollout of the tariffs, with former President Donald Trump reiterating long-standing concerns over perceived unfair trade practices that have disadvantaged the US.
President Trump remarked that several countries, including India, have historically taken advantage of the US in trade relations. He hinted that India may be considering a reduction in some tariffs, although no official statement has been released by the Indian government.
US-India Bilateral Trade Deal in Final Stages
On a more optimistic note, discussions are reportedly progressing toward a comprehensive US-India bilateral trade agreement. Sources familiar with the negotiations suggest that the trade pact framework could be finalized as early as next week, offering a potential pathway to ease growing trade tensions and promote mutual economic cooperation.
