India and the UK have formalized a trade agreement, offering immediate duty-free access to a quarter of UK exports while safeguarding sensitive sectors like dairy and strategic industries. Concessions for other products will be phased in over several years, with specific rules of origin to prevent transshipment.
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.