In the banking space, ICICI Bank was down 1.31 percent at USD 8.28 and HDFC Bank was up 0.38 percent at USD 101.96.Indian ADRs ended mostly higher on Friday. In the IT space, Infosys rose 3.14 percent at USD 18.73 and Wipro added 1.89 percent at USD 4.85.
India has now submitted a revised list of 30 items including motorcycle, certain iron and steel goods, boric acid and lentils to the WTO on which it proposes to raise customs duty by up to 50 per cent.
The revision is being provided to adjust the products and the tariff rates in accordance with India's rights reserved vid its notification to the Council for Trade in Goods contained in the WTO document of 18 May 2018.
The other items include chickpeas, fresh apple, walnut, refined palmolein, motorcycle with engine capacity over 800 cc, diagnostic reagents and threaded nuts.
India has also dragged the US to the World Trade Organisations dispute settlement mechanism over the imposition of import duties on steel and aluminium.
India's exports of steel and aluminium products to America stood at about $1.5 billion every year. Its exports to the US in 2016-17 stood at $42.21 billion, while imports were $22.3 billion.
In the banking space, ICICI Bank was down 1.31 percent at USD 8.28 and HDFC Bank was up 0.38 percent at USD 101.96.In the other sectors, Tata Motors shed 0.76 percent at USD 22.15 and Dr Reddy's Laboratories gained 6.18 percent at USD 35.06.
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