The Indian goods that Trump removed from 50% tariffs include tea, coffee, and spices.

Following India’s sustained significant imports of Russian oil, the US levied retaliatory “reciprocal” import taxes of up to 50% on a variety of Indian goods in August 2025. Textiles, jewelry, leather goods, and fisheries were among the industries severely impacted. But by November 2025, the US government had lifted the punitive tariffs on over 200…

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India’s foreign exchange reserves dropped $5.6 billion to $689.7 billion during the week ending October 31.

The Reserve Bank of India announced on Friday that for the week ending October 31, India’s foreign exchange reserves fell $5.623 billion to $689.733 billion. To $695.355 billion, the total reserves had decreased by $6.925 billion. Foreign currency assets, a significant portion of reserves, fell by $1.957 billion to $564.591 billion for the week ending…

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