Trade Deal Stalls as RBI Rate Panel Meets: India Faces a Two-Front Test This Week
Finance Minister Nirmala Sitharaman said on Monday that India-US trade talks have reached a plateau where further concessions look very difficult. Her remarks came as the RBI's rate panel began its three-day meet. Repo stands at 5.25%, decision due October 7.
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A stalled deal keeps tariff uncertainty alive for exporters just as the RBI weighs a 25 bps hike against rising inflation, a rupee past 96 and heavy foreign outflows. Both outcomes feed into the rupee, FII flows and rate-sensitive sectors this week.