Month: June 2025

India Cuts Import Tax on Crude Edible Oils to Lower Costs, Boost Refining

India has taken a significant step to curb food inflation and strengthen its refining industry by slashing the basic import tax on crude edible oils by half, bringing it down to 10%, effective as of last Friday. The government’s decision comes amid ongoing efforts to stabilize domestic prices and enhance the competitiveness of India’s edible […]

Dollar Slips on Renewed Tariff Tensions

Investor sentiment takes a hit as tariff escalation revives trade concerns. The US dollar weakened at the start of the week, with the Dollar Index falling toward 99 on Monday, giving up gains made the previous week. The renewed downward pressure on the greenback came as tariff tensions flared once again, injecting fresh uncertainty into […]