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Goldman Sachs’ India forecast has been trimmed down following President Trump’s threat to impose 25% tariffs on Indian goods, and this has created quite a stir in financial circles right now. The global investment bank actually reduced India’s growth projections by 0.1 percentage point for 2025 and even 0.2 percentage point for 2026, citing Trump’s 25% tariffs along with escalating US-India trade tensions. Goldman Sachs’ India Forecast Cut Tied to Trade Tensions and Slowdown Source: Business Standard The Goldman Sachs India forecast revision reflects mounting concerns over the India economic slowdown and potential global market impact that could unfold. Trump actually criticized India for maintaining tariffs that are “among the highest in the World” and also described them as the most “strenuous and obnoxious non-monetary trade barriers of any country.” Goldman Sachs stated: “In our view, some of these tariffs are likely to be...

Asian currencies rallied against the US dollar in Q2 of 2025 as the markets reacted sharply against the trade wars. The DXY index, which measures the performance of the USD fell to a three-year low of 96.20. The Indian rupee, Chinese yuan, and Japanese yen all soared above the greenback in the forex markets. Traders who bet against the USD made good returns as leading local currencies took the top spot in the FX sector. Source: MarketWatch Now that Trump announced a new set of tariffs, which are 25% on Japan and South Korea, the DXY index quickly rebounded in value. It touched 97.57 and remains on the greener side of the spectrum since Monday’s trading session. The development indicates that Asian currencies will remain under pressure as they will have to deal with the price hikes. Also Read: Russia Labels Dollar Risky as De-dollarization Gains Speed US Dollar To Rebound in Value, Pressure Now on Asian Currencies Source: Getty Images The glorious run of Asian currencies in the for...