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Indian textile exporters turn to Europe, offer discounts to offset US tariffs

Oct 14 (Reuters) – Indian textile exporters are seeking new buyers in Europe and offering discounts to existing U.S. customers to cushion the blow from steep U.S. tariffs of as much as 50%, industry executives said. President Donald Trump doubled tariffs in August on Indian imports, placing them among the highest for any trading partner, and affecting goods and produce ranging from garments and jewellery to shrimp. A Mumbai-based garment exporter, who sought anonymity ahead of signing export contracts, said his company was prioritising diversification into European Union markets and that an early trade deal with the bloc would help

Rupee falls 9 paise to 88.77 against US dollar in early trade

Mumbai, Oct 14 (PTI) The rupee depreciated 9 paise to 88.77 against the US dollar in early trade on Tuesday, weighed down by the broad strength of the American currency in the overseas market. Forex traders said the optimism surrounding the India-US trade talks was negated by foreign fund outflows amid a risk-off tone globally. Moreover, the Reserve Bank of India is monitoring the depreciation of the USDINR pair towards 88.80, they said. At the interbank foreign exchange market, the rupee opened at 88.73, and slipped to 88.77 against the greenback, registering a fall of 9 paise from its previous

Markets bounce back in early trade on buying in IT counters, optimism over India-US trade talks

Mumbai, Oct 14 (PTI) Equity benchmark indices Sensex and Nifty rebounded in early trade on Tuesday, driven by buying in IT stocks, optimism over India-US trade talks, and a sharp rally in the US markets. Meanwhile, retail inflation slowed to an over 8-year low of 1.54 per cent in September and slipped below the Reserve Bank’s comfort zone mainly due to subdued prices of vegetables, fruits and pulses, according to government data released on Monday. The 30-share BSE Sensex climbed 246.32 points to 82,573.37 in initial trade. The 50-share NSE Nifty went up by 83 points to 25,310.35. From the

Haryana IPS officer ‘suicide’ case: DGP sent on leave

Chandigarh, Oct 14 (PTI) The Haryana government has sent State DGP Shatrujeet Kapur on leave amid opposition’s attack on the BJP dispensation over IPS officer Y Puran Kumar’s alleged suicide, and demand by Kumar’s family for action against the officers accused of harassing him. The late-night development came days after the state government had transferred Narendra Bijarniya, the then Rohtak’s Superintendent of Police. “Yes, the DGP has been sent on leave by the government,” said Rajiv Jaitly, media adviser to the Haryana chief minister. In an eight-page “final note,” purportedly left behind by Kumar, he accused eight senior IPS officers,

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