💨 Abstract

The Union Bank of India's research report suggests that while India may be shielded from the full impact of US trade tensions due to its trade balance, the final impact will depend on the trade deal contours. Global markets react to US tariff and policy uncertainties, causing indirect effects on India's financial system, such as currency fluctuations and liquidity issues.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖