The Indian Rupee dropped nearly 0.6% to breach the 87 mark against the U.S. Dollar amidst a global meltdown for emerging market currencies after President Trump imposed higher tariffs on Canada, Mexico, and China. Economic Affairs Secretary Ajay Seth emphasized India’s focus on managing volatility and not using exchange rate policies to promote exports, aiming to make the country more self-reliant and competitive. The government aims to address uncertainties and strengthen export competitiveness through quality improvements and avoiding cost disadvantages in tariff policies and regulations.
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Border fencing in West Bengal's Malda suspended after objections by BGB
Fencing work near the Bangladesh border in Malda has been suspended due to disputes between Border Guard Bangladesh (BGB) and India’s Border Security Force (BSF). Efforts to resolve the issue are expected to be discussed in upcoming DG-level talks, as construction has been stalled since November 2024 following objections from Bangladesh, despite previous mutual consent for the project. Full Article
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