India Panics, Further Tightens Gold Flows As Rupee Collapses
With the Rupee accelerating its declines to ever lower record lows against the dollar, Indian authorities have stepped up capital controls, focusing on curbing demand in the gold 'exit' route. 4 days ago, there were no signs of import duty hikes as Prime Minister Narendra Modi issued a rare weekend appeal urging citizens to forgo gold purchases as well as…
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