Key events in India over the past 3 days (Feb 5–7, 2026) across government, crypto, stock market, and forex.
🇮🇳 Government & Trade News
- Big India-US interim trade deal framework announced! US cuts tariffs on Indian goods to 18% (from 50% + penalties), India shifts away from Russian oil, commits to $500B US purchases (energy, aircraft, etc.) over 5 years. Opens huge $30T market access for Indian exporters! 🎉 PM Modi calls it a win for jobs & supply chains. (Joint statement Feb 6–7)
- Opposition (Rahul Gandhi & Congress) protested, some MPs suspended in Lok Sabha over related uproar.
- Other: President graced events in Odisha/Bhubaneswar; focus on medical tourism & biopharma in Budget follow-ups.
💰 Crypto News
- No major relief in Budget 2026 — 30% tax + 1% TDS stays unchanged 😕
- New penalties kick in: ₹200/day for late reporting, up to ₹50,000 flat fine for inaccurate crypto transaction reports by exchanges (from April 2026).
- Govt monitoring evolving crypto patterns & will share cross-border data from 2027 under global rules. Indian investors buying BTC dips like pros, despite global slide.
📈 Indian Stock Market
- Volatile week, but Sensex closed ~83,580 (+0.3% on Feb 6) & Nifty ~25,694 (+0.2%) after late recovery in FMCG/banking (ITC +5%!). 📊
- Snapped 3-day rally earlier (Feb 5: Sensex -504 pts on IT/global weakness).
- Boost from trade deal optimism & RBI holding repo at 5.25% (neutral stance). Weekly gains ~1.5%.
💱 Indian Forex (Rupee)
- Rupee strengthened big time on trade deal — best week in 3+ years! 🌟
- Hit ~90.2–90.6 vs USD (strongest in weeks), up ~1.4% weekly after dipping to 91+ lows.
- RBI stability + deal flows helped, though minor pullback on Friday.
Overall vibe: Trade deal stole the show, lifting sentiment across markets despite crypto tightness & some stock dips. Exciting times ahead! 🔥 What do you think — bullish or wait-&-see?
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