Plunging local currency pushes India to raise taxes on gold, oil
Edited By WION Video Desk
Published: Jul 01, 2022, 06:27 IST | Updated: Jul 01, 2022, 06:27 IST
India has raised its basic import duty on gold to 12.5% from 7.5%, as the world's second biggest consumer of the precious metal tries to dampen demand and bring down the trade deficit.
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