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India and EU clinch the ‘mother of all deals’ in a historic free trade agreement

NEW DELHI, January 27, 2026 (AP) — After nearly two decades of negotiations, India and the European Union announced Tuesday they have reached a free trade agreement to deepen economic and strategic ties. The accord, which the EU chief described as the “mother of all deals,” could affect as many as 2 billion people. The deal between two of the world’s biggest markets comes as Washington targets both India and the EU with steep import tariffs, disrupting established trade flows and pushing major economies to seek alternate partnerships. “This agreement will bring major opportunities for the people of India and

Rupee recovers 19 paise from all-time low to close at 91.71 against US dollar

Mumbai, Jan 27 (PTI) The rupee rebounded from its all-time low levels and gained 19 paise to close at 91.71 (provisional) against the US dollar on Tuesday, on decline in US dollar index and India-EU FTA negotiations. Forex traders said the rupee recovered marginally as traders rushed to cover broad dollar weakness. Moreover, the deal over India-EU FTA boosted domestic market sentiments. However, rising commodity and crude oil prices capped sharp gains. At the interbank foreign exchange, the rupee opened at 91.82 and lost ground to touch an intra-day low of 91.90 against the greenback. The domestic unit settled for

Stock markets bounce back on buying in metal, bank stocks; optimism over India-EU FTA

Mumbai, Jan 27 (PTI) Equity benchmark indices Sensex and Nifty ended higher in highly volatile trade on Tuesday, buoyed by heavy buying in bank and metal stocks, a firm trend in global markets and optimism over India-EU FTA. The 30-share BSE Sensex climbed 319.78 points, or 0.39 per cent, to settle at 81,857.48. During the day, it hit a high of 82,084.92 and a low of 81,088.59. The 50-share NSE Nifty surged 126.75 points or 0.51 per cent to end at 25,175.40. From the 30-Sensex firms, Adani Ports, Axis Bank, Tata Steel, Tech Mahindra, NTPC, State Bank of India, UltraTech

India, EU finalise landmark trade deal, PM Modi says

NEW DELHI, Jan 27 (Reuters) – India and the European Union have finalised a landmark trade deal that will represent a quarter of the world’s economy, Indian Prime Minister Narendra Modi said on Tuesday, as the two sides seek to hedge against fickle ties with the U.S. After nearly two decades of on-off negotiations, the deal will pave the way for India to open up its vast and guarded market, the world’s largest, to free trade with the 27-nation EU, its biggest trading partner. “Yesterday, a big agreement was signed between the European Union and India,” Modi said. “People around

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