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The Economic Times

Economy / The Economic Times

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What steps India has taken to stem pressure on its external balance of payments

India is taking steps to manage its currency's decline. Higher duties on gold and silver imports are in place. Import rules for silver have been tightened. Citizens are urged to conserve foreign exchange and reduce fuel consumption. The Reserve Bank of India is curbing currency speculation. These actions aim to stabilize the economy.

3 Jun 2026 2:59 pm