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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India-Maldives joint military exercise begins
The 13th edition of joint military exercise 'Ekuverin' between the Indian Army and Maldives National Defence Force commenced, focusing on counter insurgency, counter terrorism, and humanitarian assistance over a 14-day period to enhance interoperability. The opening ceremony was attended by Maldives Defence Chief Major General Ibrahim Hilmy and Indian High Commissioner G Balasubramanian. Full Article
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