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India to impose 30% import duty on yellow peas from November 1

MUMBAI, Oct 30 (Reuters) – India has imposed a 30% import duty on yellow peas, effective November 1, according to a government notification issued late on Wednesday. Shipments with a bill of lading dated on or before October 31, 2025, will be exempt from the duty, the order said. The government had earlier allowed duty-free imports of yellow peas until March 31, 2026, but domestic farmers had urged authorities to curb the influx of cheap imports that were pressuring local prices. The South Asian nation is the world’s biggest importer of yellow peas, which it imports mainly from Canada and

Trump says he averted India-Pakistan clash with 250% tariff warning

NEW DELHI, Oct 29 (Reuters) – U.S. President Donald Trump said on Wednesday he prevented a war between India and Pakistan this year by threatening both nations with 250% tariffs, the highest he has mentioned on any country. “If you look at India and Pakistan … they were going at it,” Trump said at the Asia-Pacific summit in South Korea. “Seven planes were shot down. They were really starting to go.” Trump said he called Indian Prime Minister Narendra Modi and Pakistan’s leaders to say that Washington would halt trade and impose the massive tariffs if the fighting that briefly

Gold rebounds Rs 2,600 to Rs 1,24,400/10g on strong global cues

New Delhi, Oct 29 (PTI) Gold prices on Wednesday rebounded by Rs 2,600 to Rs 1,24,400 per 10 grams in the national capital, snapping a two-session losing streak, amid a fresh wave of safe-haven buying ahead of the policy outcome by the US Federal Reserve. Gold of 99.5 per cent purity appreciated by Rs 2,600 to Rs 1,23,800 per 10 grams (inclusive of all taxes) from the previous close of Rs 1,21,200 per 10 grams, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had settled at Rs 1,21,800 per 10 grams on Tuesday.

Rupee rises 8 paise to close at 88.21 against US dollar

Mumbai, Oct 29 (PTI) The rupee appreciated eight paise to close at 88.21 (provisional) against the US dollar on Wednesday, on strong domestic markets and optimism over the trade deal between India and the US. Forex traders said upbeat market sentiment, driven by trade deal optimism and easing crude oil prices, enthused investor sentiment, even as importer demand for dollars capped sharp gains. Moreover, investors remain cautious ahead of the US FOMC meeting decision. At the interbank foreign exchange market, the rupee opened at 88.21, and later traded in a range of 88.15 to 88.35 during the day. The local

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