A total of 50 percent tariff has been imposed on Indian goods. After the US tariff announcement, India’s Foreign Ministry said in a statement that in recent times, the US has targeted India’s oil imports from Russia.
New excise duty: ₹13 (petrol), ₹10 (diesel) per litre from April 8. PSU oil firms to absorb cost; no change in retail price. Read more at Dynamite News
Petrol and diesel prices hiked by ₹2 per litre as central government raises excise duty.
Silver prices dropped sharply from ₹1.01 lakh to ₹96,000/kg in a day, while gold fell ₹1,200 to ₹92,800/10g. Experts cite Trump’s tariffs and weak industrial demand (solar/electronics) for the slump. Investors may see this as a buying opportunity. Read more at Dynamite News
Global markets plunge as US tariffs spark trade war fears, hitting IT/pharma stocks; India shows resilience despite recession risks.
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