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Experts warn that a flood of cheap Chinese goods could hurt the competitiveness of Indian exports.
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The currency had strengthened to 84.13 per dollar during the day, but dollar demand from importers weakened the currency, which had closed at 84.58 per dollar the previous day, LSEG data showed.
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Mattel Inc., the maker of Barbie dolls, Hot Wheels cars and other popular toys, said Monday that it would have to raise prices for some products sold in the U.S. where necessary to offset higher costs related to President Donald Trumps tariffs.
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