Union Minister for Commerce and Industry Piyush Goyal said on Tuesday that India and the United States (US) will issue a joint statement shortly after the technical process for the bilateral trade deal is finalised.

Addressing a press conference, Goyal said India has ensured that its sensitive sectors, such as agriculture and dairy, are protected.

The Indian rupee posted its strongest intraday session in nearly six years on Tuesday after India sealed the long-awaited trade deal with the United States (US). Analysts expect the currency to strengthen further in the coming months.

The currency opened 1.23 per cent higher at 90.39 level on Tuesday against the greenback, and rose as much as 90.13, or 1.56 per cent.

Adani Group and Italian major Leonardo on Tuesday announced a strategic partnership to establish an integrated helicopter manufacturing ecosystem in India.

The move will be a significant boost for the 'Make In India' efforts and to make the country more self-reliant.

The US-India Strategic Partnership Forum (USISPF) on Monday enthusiastically welcomes US President Donald Trump's announcement following his conversation with Prime Minister Narendra Modi, which reaffirms their shared commitment to deepen the USIndia economic partnership and advance a bilateral trade agreement.

The flagship firms of billionaires Mukesh Ambani and Gautam Adani saw their shares surge after India and the US announced a much-awaited trade pact, easing months of geopolitical tensions.

Shares of Reliance Industries Ltd. climbed as much as 7.1 per cent during trading in Mumbai — the most in two years — while Adani Enterprises Ltd. jumped 11.9 per cent, the most since November 2024.

Gold and silver exchange-traded funds (ETFs) snapped their three-day rout on Tuesday as precious metals stabilised and rebounded, with the sharp recent fall seen largely as a technical correction in the metal prices.

Among silver ETFs, the HDFC Silver ETF rose 10 per cent, while the Nippon India Silver ETF gained 5 per cent. Kotak Silver ETF was up 10 per cent, and ICICI Prudential Silver ETF advanced 5 per cent, while SBI Silver ETF and Axis Silver ETF were up nearly 9 per cent.

United States President Donald Trump said on Monday that the US agreed to a trade deal with India following a phone conversation with Prime Minister Narendra Modi. Trump said India stopped purchasing Russian crude, a move he linked directly to the agreement between the two countries.

In a post on Truth Social, Trump said the United States reduced its reciprocal tariff on India from 25 per cent to 18 per cent with immediate effect.

India’s annual budget has brought home to markets the unpleasant reality of fiscal dominance, in which the central bank ends up prioritizing deficit financing over its primary function of controlling inflation.

That’s a risky situation to be in. As a former central banker has described it, fiscal dominance is “A Theory of Everything in India” — or at least everything that goes bad eventually.

The crises in gold and silver exchange-traded funds (ETFs) deepened on Monday, falling for the third straight session, as the precious metals' historic rout continued, with the prices plunging in domestic and global markets.

Gold ETFs slipped between 6 per cent and 11 per cent in the intraday trade on the National Stock Exchange (NSE) today, while Silver ETFs fell around 20 per cent.

The Pakistani government has given its approval for the national men's cricket team to participate in the upcoming T20 World Cup, but has announced it will not play against India in the league stage match scheduled for February 15.

The game was set to take place in Colombo, Sri Lanka, as both teams were to face off in a Group A encounter.

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