US imposes 25% tariff on Indian goods

Indian equity markets may crash today. This, after US President Donald Trump imposed 25% tariffs on Indian goods from August 1^st. President Trump also said that India will face additional penalties for buying Russian oil and weapons in spite of the ongoing war in Ukraine. Indian rupee is likely to see significant depreciation today after this announcement.

US Federal Reserve keeps interest rate unchanged

US Federal Reserve kept its benchmark interest rate unchanged yesterday in the range of 4.25% – 4.5%. US markets ended the day yesterday, 30^th July, 2025 on a mixed note. Nasdaq ended the day, up by 31.38 points or 0.15%. Dow Jones ended the day, down by 171.71 points or 0.38%. S&P 500 ended the day, down by 7.96 points or 0.12%.

Euro Stoxx 50 ended the day, yesterday, up by 13.98 points or 0.26%. Dax ended the day, up by 44.85 points or 0.19%. FTSE 100 index ended the day, up by 0.62 points or 0.0068%.

Asian markets begin the day on a mixed note

At 8:50 a.m. today, 31^st July, 2025, Nikkei 225 is up by 366 points or 0.90%. Hang Seng is down by 221.8 points or 0.88%. Shanghai composite is down by 23.10 points or 0.64%. Kospi is down by 6.03 points or 0.19%. US and South Korea have reached a bilateral trade deal. As part of this deal, US will impose 15% tariff on South Korean goods.

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Source: Dow Jones