Indian Rupee Plummets to Record Low Amid Gold-Linked Dollar Surge, RBI Intervenes

Indian Rupee Plummets to Record Low Amid Gold-Linked Dollar Surge, RBI Intervenes

The Indian Rupee recently registered its sharpest monthly decline, plummeting to a new record low close against the US dollar. The currency notably hit 95.31 in a single trading session, primarily triggered by a substantial spike in gold-linked dollar demand across India’s foreign exchange markets, prompting the Reserve Bank of India (RBI) to reportedly intervene…

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India Reaffirms Drive for Energy Self-Reliance Amid Global Volatility

India Reaffirms Drive for Energy Self-Reliance Amid Global Volatility

Prime Minister Narendra Modi recently reiterated India’s urgent call for reduced import reliance, particularly in the energy sector, as global turmoil continues to destabilize supply chains and commodity prices. This directive comes as the Indian government simultaneously assured the nation that crude oil inventories remain stable and domestic refineries are operating at optimum levels, aiming…

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Toyota's Ambitious India Play: Three New Maharashtra Plants Target 1 Million Units by 2030s

Toyota’s Ambitious India Play: Three New Maharashtra Plants Target 1 Million Units by 2030s

Toyota Motor Corporation is reportedly planning a significant expansion in India, with three new assembly plants slated for Maharashtra, aiming to dramatically boost its annual production capacity to 1 million units by the 2030s. This strategic move, unfolding in the coming years, underscores Toyota’s aggressive pivot towards strengthening its foothold in the rapidly growing Indian…

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Firozabad's Glass Industry Under Siege: Gas Curbs, Export Woes Threaten Historic Hub

Firozabad’s Glass Industry Under Siege: Gas Curbs, Export Woes Threaten Historic Hub

Firozabad’s renowned glass industry, a vital economic engine in Uttar Pradesh, India, is currently grappling with a severe downturn due to unprecedented gas supply caps, escalating operational costs, a significant reduction in exports to West Asian markets, and lingering impacts from US tariffs, leading to widespread production cuts, unit closures, and job losses across the…

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Mexico

Mexico’s Tariff Hike to Hit 75% of India’s Exports; Duties to Rise up to 50% from Jan 2026

India’s exporters are bracing for a significant setback as Mexico has announced a sweeping tariff hike that will impact nearly three-fourths of India’s outbound shipments to the Latin American nation. Beginning January 2026, duties on a wide range of products will rise as high as 50%, creating fresh challenges for Indian businesses across sectors such…

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