Indian shares rallied on Friday after U.S. President Donald Trump announced a 90-day suspension of an additional 26 percent tariff on India, while maintaining a base tariff of 10 percent.
A weaker dollar in international markets and plunging oil prices on demand concerns also underpinned investor sentiment and helped offset worries about rising U.S.-China tensions.
China today escalated its trade dispute with the United States, announcing additional tariffs of up to 125 percent on a broad range of American goods.
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Market Analysis
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.