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rupee
News updates related to the rupee
India tightens silver imports: Requires licenses for granular and powdered silver.
The Indian government has placed granular and powdered silver on a restricted import list, requiring businesses to obtain licenses in order to reduce the trade deficit and stabilize the exchange rate.
Market
Indian sugar mills finalize export contracts for 100,000 tons as world prices rise.
Taking advantage of the sharp rise in global sugar prices and the record drop in the rupee, Indian producers have quickly secured new shipments to Asian and African markets.
Indian sugar mill signs contract to export 100,000 tons as world prices rise.
Indian sugar producers have just signed new agreements amid global prices nearing a five-month high and the local currency falling to a record low.
India sharply increased export taxes on diesel and aviation fuel to 55.5 rupees.
The Indian Ministry of Finance has announced an increase in export taxes on diesel and aviation fuel to stabilize domestic supply amid volatile global oil prices.
India raises diesel export tax to 55.5 rupees/liter to protect supply.
The Indian government has decided to significantly increase export taxes on diesel and aviation fuel from July 11th to ensure domestic energy security in the face of volatile global oil prices.
India drastically reduced excise tax on gasoline to 0 and 3 rupees per liter.
The Indian government has just decided to cut excise tax on fuel in an effort to stabilize the domestic market amid global oil prices exceeding $100 per barrel.
Indian shrimp exports are projected to exceed 500 billion Rupees in 2026, representing a growth of up to 15%.
Indian shrimp industry revenue is projected to surge after three years of stagnation, thanks to market diversification strategies into Vietnam and the EU, and the advantage of the depreciating Rupee.
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