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India moves to buffer economy against Iran war fallout
India is taking urgent steps to protect its economy. Fuel prices have risen. Gold imports are restricted. Local government staff in Delhi are working from home to save fuel. Sugar exports are temporarily banned. These actions aim to conserve foreign exchange reserves amid global pressures. The nation faces challenges from rising oil prices and foreign investor outflows.
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theprint.in
Centre more than doubles tariffs on gold, silver to defend rupee
The hikes, aiming to dampen demand in the world’s second-largest bullion market, follow a rare weekend appeal from PM Modi. Gold is the country’s largest import item after crude…
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economictimes.indiatimes.com
Explainer: Why India's higher tariffs are unlikely to dent gold, silver demand
India has increased import duties on gold and silver to 15 percent. This move aims to reduce imports and protect foreign exchange reserves. The government views precious metals as…
