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Exam Bank Deputy Managing Director Deepali Aggarwal told reporters here that the bank has given its opinion to the central government over the impact of US President Donald Trump's announcement to impose more customs on Indian products since April 2.
Mumbai . A senior official of the Indian Export-Assay Bank (Exim Bank) said that the stance of the US on customs rates could affect Indian exports to the US. Exam Bank Deputy Managing Director Deepali Aggarwal told reporters here that the bank has given its opinion to the central government over the impact of US President Donald Trump's announcement to impose more customs on Indian products since April 2.
However, he did not give any information about the information given to the government by Exim Bank. He said during a bank program, a large part of Indian exports go to the US. This decision will have a significant impact, but it will depend on what kind of demand is coming.
He also said, “It is also necessary to understand that these are decisions or announcements taken under the new administration of America and we need to give some time to measure the exact impact of these decisions. The bank official said that the US administration may also feel some internal demands from the consumers that depend on imports and the duty hike may pose a risk of losing some products. Along with this, Aggarwal said that the aspect of the fall in the price of the rupee should also be noted.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from the feed of PTI-language.
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