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INDIA: Country Wrap: Government Contemplating Cutting Tariffs. 

INDIA
IndiaEM BulletBulletAPACEmerging Market News
  • India’s government is evaluating options ranging from a trade deal, cutting tariffs and importing more goods from the US if President Donald Trump follows through with threatened trade action.
  • India’s crude oil imports in December rose 1.5% y/y to 20 million tons, the highest since August, according to provisional data published by the oil ministry’s Petroleum Planning & Analysis Cell.
  • India’s NIFTY 50 is opening strong up +0.35%, following yesterday’s gain of +0.57%.
  • INR: steady this morning at the open down -0.09% at 86.42.
  • Bonds: India 10YR govt bond at 6.726%
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  • India’s government is evaluating options ranging from a trade deal, cutting tariffs and importing more goods from the US if President Donald Trump follows through with threatened trade action.
  • India’s crude oil imports in December rose 1.5% y/y to 20 million tons, the highest since August, according to provisional data published by the oil ministry’s Petroleum Planning & Analysis Cell.
  • India’s NIFTY 50 is opening strong up +0.35%, following yesterday’s gain of +0.57%.
  • INR: steady this morning at the open down -0.09% at 86.42.
  • Bonds: India 10YR govt bond at 6.726%