Amidst trade tensions, China’s restrictions on rare earth mineral exports are sending ripples through the global auto industry, potentially affecting India. While a 90-day pause offers a temporary respite, uncertainty looms as Trump’s trade strategies and China’s firm stance could lead to further disruptions. India’s resilience may offer some advantage, but the ultimate impact remains unclear.
Rupee touches one-week high; RBI plans to ease dollar bids
The rupee hit a one-week high as expectations of RBI measures to curb oil refiners’ dollar demand boosted sentiment and eased pressure on the currency.