Liquor Stocks Dip as India Cuts Tariffs on US Bourbon

Shares of liquor companies Radico Khaitan, United Breweries, United Spirits etc fell up to 2% in early trade after India reduced tariffs on US bourbon whiskey, making it cheaper. The new tariff structure imposes a 100% duty, down from 150%. However, this applies only to bourbon, while other alcoholic beverages remain at the previous rate. Stocks recovered partially, while US-India trade tensions continue over tariff policies.