India's Trade Official says India's Chief negotiator will travel to the US next week to finalise trade agreement; expects US to reduce tariffs on India to 18% (vs 25% reciprocal tariffs currently) this week

India's Trade Official says India's Chief negotiator will travel to the US next week to finalise trade agreement; expects US to reduce tariffs on India to 18% (vs 25% reciprocal tariffs currently) this week.

India's chief negotiator heading to the US to finalize a trade agreement signals a potential thaw in trade relations, with expectations of reduced tariffs from 25% to 18%. This reduction could enhance trade flows and economic ties, benefiting sectors reliant on exports. It may also influence market sentiment towards risk assets as investors react to improved trade dynamics.