India Will attract more import curbs to Boost rupee against dollar

India is considering a proposal to increase import duties on a raft of products which vary from plastic as produce a rupee and it attempts to suppress a ballooning deficit.

Prices will be boosted by the government of Prime Minister Narendra Modi on matters like compounds, phone components and furniture, the people said, asking not to be termed as the data is not public. The minister's office is currently organizing a meeting at New Delhi as this week to evaluate measures.

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The trade deficit represented 2.4 percent of gross domestic remedy, over the 1.9% found in the March quarter, according to latest statistics from the RBI. Like easing a couple of standards and import tariffs Steps have neglected to revive investors' confidence.