They can bargain for a cheaper currency swap premium as well. The recent devaluation of Rupee can puncture India’s 2030 climate target, which needs a massive volume of foreign capital.

As the US reciprocal tariffs hit global markets, Neelkanth Mishra, chief economist at Axis Bank, said on Monday that some ...

Some of these tariffs would ultimately be eliminated through negotiations, but others would stay, fulfilling the twin objective of raising revenue and undermining the U.S. dollar's status as the world ...