As the BSE Sensex crashed on Thursday over the spread of <a href="https://www.wionews.com/india-news/all-passengers-coming-to-kashmir-from-leh-to-be-quarantined-srinagar-dm-287228">coronavirus </a>in the country, the Indian Rupee plunged 83 paise to 75.09 against the US dollar.

<a href="https://www.wionews.com/business-economy/coronavirus-fears-continue-to-hurt-indian-markets-sensex-tumble-nearly-2000-points-287286">Also Read:&nbsp;Coronavirus fears continue to hurt Indian markets</a>

The Sensex opened on a negative note on Thursday with the Sensex down 1,944.02 points down at 26,925.49 and Nifty falling 498.25 points to 8,468.80.

The Sensex recovered ground but was still down 763 points in afternoon trade.

<a href="https://www.wionews.com/india-news/coronavirus-confirmed-cases-rise-to-166-in-india-287283">Also Read:&nbsp;Coronavirus confirmed cases rise to 166 in India</a>

Brent crude futures rose 1.73 per cent to $25.31 per barrel on Thursday.

The rout in Indian stock markets occurred after Wall Street stocks plunged again on Wednesday as the Dow fell 6.3 per cent over 1,300 points to close at 19,898.92. It is the first time it &nbsp;closed below the 20,000 level since 2017.

The broad-based S&amp;P 500 also dropped 5.2 per cent to finish at 2,398.10, while the Nasdaq crashed 4.7 per cent to 6,989.84.

As the BSE Sensex crashed on Thursday over the spread of coronavirus in the country, the Indian Rupee plunged 83 paise to 75.09 against the US dollar. Also Read: Coronavirus fears continue to hurt Indian markets The Sensex opened on a negative note on Thursday with the Sensex down 1,944.

As the BSE Sensex crashed on Thursday over the spread of coronavirus in the country, the Indian Rupee plunged 83 paise to 75.09 against the US dollar. Also Read: Coronavirus fears continue to hurt Indian markets The Sensex opened on a negative note on Thursday with the Sensex down 1,944.02 points down at 26,925.49 and Nifty falling 498.25 points to 8,468.80. The Sensex recovered ground but was still down 763 points in afternoon trade. Also Read: Coronavirus confirmed cases rise to 166 in India Brent crude futures rose 1.73 per cent to $25.31 per barrel on Thursday. The rout in Indian stock markets occurred after Wall Street stocks plunged again on Wednesday as the Dow fell 6.3 per cent over 1,300 points to close at 19,898.92. It is the first time it closed below the 20,000 level since 2017. The broad-based S&P 500 also dropped 5.2 per cent to finish at 2,398.10, while the Nasdaq crashed 4.7 per cent to 6,989.84.

Coronavirus effect: Rupee plunges to 75.09 against US dollar

The rupee appreciated 37 paise to 71.19 against the US dollar in early trade at the interbank foreign exchange Tuesday after crude prices fell to a 14-month low level in the international market.

The rise in the rupee was also<a href="http://www.wionews.com/business-economy/rupee-rises-16-paise-to-7174-against-us-dollar-184763"> supported by dollar-selling by exporters</a> and banks and the US unit's weakness against some currencies overseas ahead of US Federal Reserve Monetary policy decision Wednesday, traders said. 
At the interbank forex market, the rupee commenced with strength at 71.34 and appreciated further to quote 37 paise higher at 71.19 against the US dollar.

The<a href="http://www.wionews.com/business-economy/rupee-gains-34-paise-higher-at-7156-against-us-dollar-184873"> rupee had gained 34 paise</a> to close at 71.56 against the US dollar Monday as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities.

Brent crude, the international benchmark, dropped by 1.22 per cent to a 14-month low of USD 58.85 barrel.

The US Federal Reserve's policy decision is expected on December 19, and the market is expecting another rate hike, traders said.

However, a lower opening in the domestic equity market capped the gain in the domestic currency.

The benchmark BSE Sensex fell by 170.50 points, 0.47 per cent, to 36,099.57 in early trade.&nbsp;

The rupee appreciated 37 paise to 71.19 against the US dollar in early trade at the interbank foreign exchange Tuesday after crude prices fell to a 14-month low level in the international market.

The rupee appreciated 37 paise to 71.19 against the US dollar in early trade at the interbank foreign exchange Tuesday after crude prices fell to a 14-month low level in the international market. The rise in the rupee was also supported by dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas ahead of US Federal Reserve Monetary policy decision Wednesday, traders said. At the interbank forex market, the rupee commenced with strength at 71.34 and appreciated further to quote 37 paise higher at 71.19 against the US dollar. The rupee had gained 34 paise to close at 71.56 against the US dollar Monday as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities. Brent crude, the international benchmark, dropped by 1.22 per cent to a 14-month low of USD 58.85 barrel. The US Federal Reserve's policy decision is expected on December 19, and the market is expecting another rate hike, traders said. However, a lower opening in the domestic equity market capped the gain in the domestic currency. The benchmark BSE Sensex fell by 170.50 points, 0.47 per cent, to 36,099.57 in early trade.

Rupee rises 37 paise to 71.19 against US dollar on falling crude prices

The Indian rupee on Monday recovered by 34 paise to <a href="http://13.232.42.114/business-economy/rupee-rises-16-paise-to-7174-against-us-dollar-184763">close at 71.56 against the US dollar </a>as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities.

Besides, the American currency's weakness against its major rivals globally helped the rupee further its gains.&nbsp;

According to commerce ministry data, India's trade deficit came down to $15.1 billion in November from $17.13 billion in October this year.

At the Interbank Foreign Exchange, the rupee opened higher at 71.84 a dollar and soon gathered momentum to touch a high of 71.51.

The domestic unit, however, pared some gains and settled the day up by 34 paise at 71.56 a dollar.

On Friday, the rupee had dropped by 22 paise to close at 71.90 against the US dollar.&nbsp;

Forex dealers attributed the rupee gains to the greenback's weakness against some currencies overseas and improving macro picture in form of narrowing trade deficit numbers.

Heavy buying in domestic equities also helped trading sentiments in the forex market, they added.

Equity benchmark Sensex continued its winning streak for a fifth straight session Monday. The 30-share BSE Sensex closed at 36,270, showing a rise of 0.85 per cent or 307 points. Similarly, the broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points.&nbsp;

Brent crude, the international benchmark, was trading at $60.89 per barrel Monday, higher by 1.01 per cent.

The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.6730 and for rupee/euro at 81.0717. The reference rate for rupee/British pound was fixed at 90.1981 and for rupee/100 Japanese yen at 63.17.

The Indian rupee on Monday recovered by 34 paise to close at 71.56 against the US dollar as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities.

The Indian rupee on Monday recovered by 34 paise to close at 71.56 against the US dollar as forex market sentiments were driven by the country's narrowing trade deficit in November as also smart gains in domestic equities. Besides, the American currency's weakness against its major rivals globally helped the rupee further its gains. According to commerce ministry data, India's trade deficit came down to $15.1 billion in November from $17.13 billion in October this year. At the Interbank Foreign Exchange, the rupee opened higher at 71.84 a dollar and soon gathered momentum to touch a high of 71.51. The domestic unit, however, pared some gains and settled the day up by 34 paise at 71.56 a dollar. On Friday, the rupee had dropped by 22 paise to close at 71.90 against the US dollar. Forex dealers attributed the rupee gains to the greenback's weakness against some currencies overseas and improving macro picture in form of narrowing trade deficit numbers. Heavy buying in domestic equities also helped trading sentiments in the forex market, they added. Equity benchmark Sensex continued its winning streak for a fifth straight session Monday. The 30-share BSE Sensex closed at 36,270, showing a rise of 0.85 per cent or 307 points. Similarly, the broader NSE Nifty ended at 10,888, a gain of 0.77 per cent or 83 points. Brent crude, the international benchmark, was trading at $60.89 per barrel Monday, higher by 1.01 per cent. The Financial Benchmark India Private Ltd (FBIL) set the reference rate for the rupee/dollar at 71.6730 and for rupee/euro at 81.0717. The reference rate for rupee/British pound was fixed at 90.1981 and for rupee/100 Japanese yen at 63.17.

Rupee gains 34 paise higher at 71.56 against US dollar

The rupee firmed 10 paise to 71.87 against the US dollar Friday on increased selling of the US currency by exporters and banks.

Besides, weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of domestic equities supported the rupee, traders said.

Foreign funds bought shares worth a net of Rs 2,043.06 crore Thursday, as per provisional data.

At the interbank forex market, the rupee opened higher at 71.94, and advanced 10 paise to 71.87 against the US dollar.

The rupee had vaulted 34 paise to close at a two-month high of 71.97 against the US dollar Thursday on robust foreign fund inflows amid low crude oil prices.

Meanwhile, the benchmark BSE Sensex rose 96.29 points, or 0.28 per cent, to 35,356.83 in early session Friday.

The rupee firmed 10 paise to 71.87 against the US dollar Friday on increased selling of the US currency by exporters and banks. Besides, weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of domestic equities supported the rupee, traders said.

The rupee firmed 10 paise to 71.87 against the US dollar Friday on increased selling of the US currency by exporters and banks. Besides, weakness in the greenback against some currencies overseas, increased foreign fund inflows and a higher opening of domestic equities supported the rupee, traders said. Foreign funds bought shares worth a net of Rs 2,043.06 crore Thursday, as per provisional data. At the interbank forex market, the rupee opened higher at 71.94, and advanced 10 paise to 71.87 against the US dollar. The rupee had vaulted 34 paise to close at a two-month high of 71.97 against the US dollar Thursday on robust foreign fund inflows amid low crude oil prices. Meanwhile, the benchmark BSE Sensex rose 96.29 points, or 0.28 per cent, to 35,356.83 in early session Friday.

Rupee rises 10 paise against US dollar to 71.87

The rupee recovered 21 paise to 72.91 against the US dollar early Tuesday on increased selling by exporters.

The dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers said,.

At the interbank forex market, the rupee opened strong at 72.98 and advanced further to trade at 72.91, reflecting a rise of 21 paise over its previous close of 73.12 against the dollar.

On Monday, the Indian rupee tumbled 67 paise to close at 73.12 against the US dollar on increased demand for the American currency from importers and unabated foreign fund outflows.

Meanwhile, the benchmark Sensex rose 118.44 points, or 0.34 per cent, to 35,069.36 in opening trade Tuesday.&nbsp;

The rupee recovered 21 paise to 72.91 against the US dollar early Tuesday on increased selling by exporters. The dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers said,.

The rupee recovered 21 paise to 72.91 against the US dollar early Tuesday on increased selling by exporters. The dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee, dealers said,. At the interbank forex market, the rupee opened strong at 72.98 and advanced further to trade at 72.91, reflecting a rise of 21 paise over its previous close of 73.12 against the dollar. On Monday, the Indian rupee tumbled 67 paise to close at 73.12 against the US dollar on increased demand for the American currency from importers and unabated foreign fund outflows. Meanwhile, the benchmark Sensex rose 118.44 points, or 0.34 per cent, to 35,069.36 in opening trade Tuesday.

Rupee recovers 21 paise to 72.91 against US dollar

The US could remove India from its currency monitoring list of major trading partners, the Treasury Department has said, citing certain developments and steps being taken by New Delhi which address some of its major concerns.

<a href="http://www.wionews.com/world/concerned-over-chinas-lack-of-currency-transparency-us-172036">Also Read:&nbsp;Concerned over China's lack of currency transparency, says </a><a href="http://www.wionews.com/world/concerned-over-chinas-lack-of-currency-transparency-us-172036">US</a>

India for the first time was placed by the US in its currency monitoring list of countries with potentially questionable foreign exchange policies in April along with five other countries - China, Germany, Japan, South Korea and Switzerland.

The Department of Treasury maintained the same monitoring list in its latest report released on Wednesday but said if India continues with the same practices as in the last six months, it would be removed from its next bi-annual report.

"India's circumstances have shifted markedly, as the central bank's net sales of foreign exchange over the first six months of 2018 led net purchases over the four quarters through June 2018 to fall to $4 billion, or 0.2 per cent of the GDP," the Treasury said in its latest semi-annual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US.

This represented a notable change from 2017, when purchases over the first three quarters of the year pushed net purchases of foreign exchange above two per cent of the GDP, it said.

Recent sales have come amidst a turnaround in foreign portfolio flows, as foreign investors pulled portfolio capital out of India (and many other emerging markets) over the first half of the year, it said.

The rupee depreciated by around seven per cent against the dollar and by more than four per cent on a real effective basis in the first half of 2018, the report said.

India has a significant bilateral goods trade surplus with the US, totalling $23 billion over the four quarters through June 2018, but India's current account is in deficit at 1.9 per cent of the GDP.

"As a result, India now only meets one of the three criteria from the 2015 Act. If this remains the case at the time of its next report, Treasury would remove India from the monitoring list," the Treasury said.

Observing that India's current account deficit widened in the four quarters through June 2018 to 1.9 per cent of the GDP, following several years of narrowing from its 2012 peak, the Treasury said the current account deficit has been driven by a large and persistent goods trade deficit, which has, in turn, resulted from substantial gold and petroleum imports.

The goods trade deficit has widened out in the first half to 6.4 per cent of the GDP as oil prices have risen.

The IMF projects the current account deficit to be around 2.5 per cent of the GDP over the medium term as domestic demand strengthens further and favourable growth prospects support investment.

India's goods trade surplus with the US was $23 billion for the four quarters through June 2018, it said, adding that India also had a small surplus in services trade with the US of USD 4 billion over the same period.

"India's exports to the US are concentrated in sectors that reflect India's global specialisation (notably pharmaceuticals and IT services), while US exports to India are dominated by key service trade categories, particularly travel and higher education," the report said.

The Treasury praised India for being "exemplary" in publishing its foreign exchange market intervention.

The Reserve Bank of India (RBI) has noted that the value of the rupee is broadly market-determined, with intervention used only during "episodes of undue volatility," it said.

According to the authorities' data, India was generally a net purchaser of foreign exchange from late 2013 to the middle of 2017, as the RBI sought to gradually build a stronger external buffer in the aftermath of the May 2013 "taper tantrum".

Purchases accelerated in the first half of 2017 amidst strong portfolio inflows to India (and many other emerging markets); as a result, cumulative net purchases of foreign exchange exceeded two per cent of the GDP over 2017, it said.

Noting that foreign exchange purchases generally declined in the second half of 2017, and the RBI shifted to selling foreign exchange in the first half of 2018, the Treasury said net purchases of foreign exchange over the past four quarters through June totalled $ 4 billion (0.2 per cent of the GDP), including activity in the forward market.

"Sales of foreign exchange in the first half of this year came in the context of foreign portfolio outflows of $ 7&nbsp;billion, as India experienced outflows (particularly of foreign portfolio debt) that were witnessed across many emerging markets in the second quarter," it said.

This mirrored the pattern of the last few years, in which intervention has typically tracked institutional portfolio flows. India maintains ample reserves according to the IMF metrics for reserve adequacy, particularly given that India maintains some controls on both inbound and outbound flows of private capital.

As of June 2018, foreign currency reserves stood at $380 billion, equal to 3.7 times gross short-term external debt, 8 months of import cover, and 14 per cent of the GDP.

"The rupee depreciated 7 per cent against the dollar in the first half of the year, while the real effective exchange rate also reversed its general uptrend from the last few years, depreciating by four per cent," it said.

The US could remove India from its currency monitoring list of major trading partners, the Treasury Department has said, citing certain developments and steps being taken by New Delhi which address some of its major concerns.

The US could remove India from its currency monitoring list of major trading partners, the Treasury Department has said, citing certain developments and steps being taken by New Delhi which address some of its major concerns. Also Read: Concerned over China's lack of currency transparency, says US India for the first time was placed by the US in its currency monitoring list of countries with potentially questionable foreign exchange policies in April along with five other countries - China, Germany, Japan, South Korea and Switzerland. The Department of Treasury maintained the same monitoring list in its latest report released on Wednesday but said if India continues with the same practices as in the last six months, it would be removed from its next bi-annual report. "India's circumstances have shifted markedly, as the central bank's net sales of foreign exchange over the first six months of 2018 led net purchases over the four quarters through June 2018 to fall to $4 billion, or 0.2 per cent of the GDP," the Treasury said in its latest semi-annual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the US. This represented a notable change from 2017, when purchases over the first three quarters of the year pushed net purchases of foreign exchange above two per cent of the GDP, it said. Recent sales have come amidst a turnaround in foreign portfolio flows, as foreign investors pulled portfolio capital out of India (and many other emerging markets) over the first half of the year, it said. The rupee depreciated by around seven per cent against the dollar and by more than four per cent on a real effective basis in the first half of 2018, the report said. India has a significant bilateral goods trade surplus with the US, totalling $23 billion over the four quarters through June 2018, but India's current account is in deficit at 1.9 per cent of the GDP. "As a result, India now only meets one of the three criteria from the 2015 Act. If this remains the case at the time of its next report, Treasury would remove India from the monitoring list," the Treasury said. Observing that India's current account deficit widened in the four quarters through June 2018 to 1.9 per cent of the GDP, following several years of narrowing from its 2012 peak, the Treasury said the current account deficit has been driven by a large and persistent goods trade deficit, which has, in turn, resulted from substantial gold and petroleum imports. The goods trade deficit has widened out in the first half to 6.4 per cent of the GDP as oil prices have risen. The IMF projects the current account deficit to be around 2.5 per cent of the GDP over the medium term as domestic demand strengthens further and favourable growth prospects support investment. India's goods trade surplus with the US was $23 billion for the four quarters through June 2018, it said, adding that India also had a small surplus in services trade with the US of USD 4 billion over the same period. "India's exports to the US are concentrated in sectors that reflect India's global specialisation (notably pharmaceuticals and IT services), while US exports to India are dominated by key service trade categories, particularly travel and higher education," the report said. The Treasury praised India for being "exemplary" in publishing its foreign exchange market intervention. The Reserve Bank of India (RBI) has noted that the value of the rupee is broadly market-determined, with intervention used only during "episodes of undue volatility," it said. According to the authorities' data, India was generally a net purchaser of foreign exchange from late 2013 to the middle of 2017, as the RBI sought to gradually build a stronger external buffer in the aftermath of the May 2013 "taper tantrum". Purchases accelerated in the first half of 2017 amidst strong portfolio inflows to India (and many other emerging markets); as a result, cumulative net purchases of foreign exchange exceeded two per cent of the GDP over 2017, it said. Noting that foreign exchange purchases generally declined in the second half of 2017, and the RBI shifted to selling foreign exchange in the first half of 2018, the Treasury said net purchases of foreign exchange over the past four quarters through June totalled $ 4 billion (0.2 per cent of the GDP), including activity in the forward market. "Sales of foreign exchange in the first half of this year came in the context of foreign portfolio outflows of $ 7 billion, as India experienced outflows (particularly of foreign portfolio debt) that were witnessed across many emerging markets in the second quarter," it said. This mirrored the pattern of the last few years, in which intervention has typically tracked institutional portfolio flows. India maintains ample reserves according to the IMF metrics for reserve adequacy, particularly given that India maintains some controls on both inbound and outbound flows of private capital. As of June 2018, foreign currency reserves stood at $380 billion, equal to 3.7 times gross short-term external debt, 8 months of import cover, and 14 per cent of the GDP. "The rupee depreciated 7 per cent against the dollar in the first half of the year, while the real effective exchange rate also reversed its general uptrend from the last few years, depreciating by four per cent," it said.

May remove India from currency monitoring list: US Treasury Department

The rupee dropped 36 paise to 73.93 against the US currency in early trade Monday, breaking its three-day recovery trend, as crude prices rose amid weak macro economic data.

<a href="http://www.wionews.com/india-news/rupee-strengthens-38-paise-against-us-dollar-170999">Also Read:&nbsp;Rupee strengthens 38 paise against US dollar</a>

A spurt in dollar demand from importers amid sustained foreign fund outflows also weighed on the rupee.

Dealers said, factors like the dollar's strength against some other currencies overseas and a volatile opening of the equity markets also impacted the domestic currency.

Industrial production slipped to a three-month low of 4.3 per cent in August and retail inflation rose marginally to 3.77 per cent in September, according to the data released by Central Statistics Office Friday.

On Friday, the rupee had ended 55 paise higher at 73.57 against the dollar, as global crude prices eased and domestic indices staged a smart rebound.

Foreign institutional investors (FIIs) sold shares to the&nbsp;tune of Rs 1,322 crore Friday, provisional data showed.

The benchmark BSE Sensex fell by 70.85 points today, or 0.20 per cent, to 34,662.73 in early trade after crossing the key 35,000-mark to hit a high of 35,008.65 at the outset.&nbsp;

The rupee dropped 36 paise to 73.93 against the US currency in early trade Monday, breaking its three-day recovery trend, as crude prices rose amid weak macro economic data.

The rupee dropped 36 paise to 73.93 against the US currency in early trade Monday, breaking its three-day recovery trend, as crude prices rose amid weak macro economic data. Also Read: Rupee strengthens 38 paise against US dollar A spurt in dollar demand from importers amid sustained foreign fund outflows also weighed on the rupee. Dealers said, factors like the dollar's strength against some other currencies overseas and a volatile opening of the equity markets also impacted the domestic currency. Industrial production slipped to a three-month low of 4.3 per cent in August and retail inflation rose marginally to 3.77 per cent in September, according to the data released by Central Statistics Office Friday. On Friday, the rupee had ended 55 paise higher at 73.57 against the dollar, as global crude prices eased and domestic indices staged a smart rebound. Foreign institutional investors (FIIs) sold shares to the tune of Rs 1,322 crore Friday, provisional data showed. The benchmark BSE Sensex fell by 70.85 points today, or 0.20 per cent, to 34,662.73 in early trade after crossing the key 35,000-mark to hit a high of 35,008.65 at the outset.

Rupee dips 36 paise against US dollar in early trade

Prime Minister Narendra Modi is chairing a high-level meeting&nbsp;in Delhi on the state of the economy and oil sector with an agenda aimed to curb the rupee's continuous slide.

The main focus of the meeting is the rupee's continuing weakness against the dollar.

According to reports, the government could announce measures to control the current account deficit and the crude oil prices in the light of the upcoming sanctions on Iran by us. It may also announce a fresh set of measures that could include higher customs duties and import restrictions on certain non-essential items.

Finance Minister Arun Jaitley, Petroleum Minister Dharmendra Pradhan and Commerce Minister Suresh Prabhu are part of the meeting.

The government recently increased import duty on several electronic and consumer items including refrigerators, air conditioners and telecom equipment to rein in current account deficit and stabilise the rupee.

It also hiked duty on footwear, diamonds, and jet fuel as a part of its plan to get foreign funds flowing back to India recently.

According to WION's sources, there could be a new list of items that would attract higher import duty and there could be quantitative restrictions on inward shipments. &nbsp;

India's current account deficit widened to 2.4 per cent of GDP in April-June and the rupee is hovering around 74 to a dollar.

Prime Minister Narendra Modi is chairing a high-level meeting in Delhi on the state of the economy and oil sector with an agenda aimed to curb the rupee's continuous slide.

Prime Minister Narendra Modi is chairing a high-level meeting in Delhi on the state of the economy and oil sector with an agenda aimed to curb the rupee's continuous slide. The main focus of the meeting is the rupee's continuing weakness against the dollar. According to reports, the government could announce measures to control the current account deficit and the crude oil prices in the light of the upcoming sanctions on Iran by us. It may also announce a fresh set of measures that could include higher customs duties and import restrictions on certain non-essential items. Finance Minister Arun Jaitley, Petroleum Minister Dharmendra Pradhan and Commerce Minister Suresh Prabhu are part of the meeting. The government recently increased import duty on several electronic and consumer items including refrigerators, air conditioners and telecom equipment to rein in current account deficit and stabilise the rupee. It also hiked duty on footwear, diamonds, and jet fuel as a part of its plan to get foreign funds flowing back to India recently. According to WION's sources, there could be a new list of items that would attract higher import duty and there could be quantitative restrictions on inward shipments. India's current account deficit widened to 2.4 per cent of GDP in April-June and the rupee is hovering around 74 to a dollar.

PM Modi chairs high-level meeting on economy, finance & oil ministers attend