India, Aug. 25 -- Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.
On the trade front, there seems to be no hopes for tariff relief as the U.S. officials have already cancelled the scheduled visit to India during August 25-29.
The Trump administration has officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.
"No matter how much pressure comes, we will keep increasing our strength to withstand it," Prime Minister Modi said at a public rally in Ahmeda...