India has been focusing on trade with the United States since the beginning of this year. With the introduction of the tariffs, most traded goods are stuck in warehouses. This is due to the high tariffs being imposed by the United States of America on Indian goods, as we have potential ties with Russia on its crude. From what is observed, the imposition of tariffs is mostly driven by personal relationships with the leaders of the nations.

The Reserve Bank of India members have met this month between the 4th and 6th, and the decision was unanimous among all their members. The RBI chief has kept the Repo rate unchanged at 5.5 % and the policy stance was ” neutral”. The standing deposit facility (SDF) rate under the Liquidity Adjustment Facility (LAF) remains unchanged at 5.25%, while the marginal standing facility (MSF) rate and the Bank Rate are both at 5.75%.