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.
Full Article
As Farooq cries foul, Dulat says his book praises former J&K CM
Farooq Abdullah has disputed A S Dulat's assertion that he supported the abrogation of Article 370, with Dulat clarifying that he was referring to Abdullah's desire to negotiate with Delhi on his own terms. Dulat's book commends Abdullah's leadership and provides insights into significant events such as the Rubaiya Sayeed abduction and the IC-814 hostage swap, showcasing Farooq's initial resistance to certain decisions followed by his eventual compliance. This exchange highlights the complexities of Abdullah's...
Read more