IDEX Polished Price Index Dips in October
November 03, 25
(IDEX Online) - The IDEX Polished Price Index dipped during October, down 0.48 per cent compared with a loss of 2.08 per cent in September.
There was little day-to-day movement, aside from a brief drop around the 2nd of the month and a short-lived increase around the 29th.
The markets appear to have corrected themselves after a flurry of US tariff-related movements since April.
Prices spiked in late June, ahead of the scheduled (then delayed) imposition of reciprocal tariffs on 9 July.
They spiked again between 30 July and 7 August, when reciprocal tariffs actually came into force, and between 8 and 10 September, when additional tariffs were imposed on Indian imports.
In July the Index fell by 3.26 per cent and in August by 0.99 per cent.
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