India Doubles Gold, Silver Tariffs to Defend Rupee India's surprise move to double tariffs on gold and silver imports has sent shockwaves through global markets.
The decision is aimed at defending the rupee, which has been under pressure due to a widening trade deficit and capital outflows.
Understanding the Impact of Double Tariffs on India's Economy The government's new policy stance marks a significant departure from its previous lenient approach to gold imports.