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Nalezeno "India Bullion and Jewellers Association (IBJA)": 1

India Hikes Duty on Imported Gold, Seeking to Bring Down Trade Deficit


In its attempt to relieve the pressure against the rupee, the Indian government announced on July 1 that it had hiked the duty on imported gold by five percentage points to 12.5%. However, there are fears the import duty hike will spur a resurgence in the smuggling of the commodity. India’s...

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