scorecardresearchPlunging Rupee Pushes India to Raise Taxes on Gold, Oil

Plunging Rupee Pushes India to Raise Taxes on Gold, Oil

Updated: 01 Jul 2022, 11:47 AM IST
TL;DR.
India tightened exports of oil and imports of gold in an all-out effort to rein in the rupee that plunged to a fresh record Friday.
FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta

FILE PHOTO: A cashier displays the new 2000 Indian rupee banknotes inside a bank in Jammu, November 15, 2016. REUTERS/Mukesh Gupta