India More Than Doubles Gold, Silver Tariffs to Defend Rupee India's latest maneuver to stabilize its currency, the rupee, has sent shockwaves through global markets.
The country has more than doubled import tariffs on gold and silver in a surprise move that underscores the severity of the economic strain caused by the ongoing Middle East conflict.
The rupee has been under intense pressure in recent weeks, plummeting to historic lows against major currencies.