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Monday, May 19, 2025
International gold prices were down by 1.17 per cent on Friday
India's Prime Minister Narendra Modi has in recent years promoted India as a smartphone manufacturing hub
The US will cut the extra tariffs it imposed on Chinese imports in April this year to 30 per cent.
Kitex said that it expects revenue of ₹5,000 crore once its new textile plants in Telangana reach full production capacity.
Experts note that the uncertainty has created favorable conditions for gold, which is predicted to climb to new heights this year.
On Friday, Trump administration granted exclusions from the steep reciprocal tariffs on smartphones and a set of other electronics products.
China's retaliation intensified the economic turmoil unleashed by Trump's tariffs.
US President Donald Trump announced a 90 day pause on his sweeping tariffs Wednesday, giving all countries a 10 percent baseline except China, which will see even higher levies.
Following the rate cut, the key policy rate eased to 6 per cent providing relief to home, auto and corporate loan borrowers.
Additional US tariffs on Chinese imports are set to reach 104 percent on Wednesday.
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