A realistic illustration of the Reserve Bank of India headquarters with rising forex reserve charts, Indian rupee and US dollar currency, symbolising RBI's successful mobilisation of $40.82 billion to strengthen India's foreign exchange reserves.
India’s sharp increase in gold import duties has done little to curb the country’s appetite for the precious metal. Highlights• Gold imports jumped 81.7% year-on-year to US$5.63 billion in April 2026, just before the government raised duties from 6% to 15%.• Even after the duty hike took effect on May...
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