Citing an example, it said the depreciating domestic currency will increase India's gold import bill, especially as global gold prices have jumped 31.25 per cent, rising from USD 65,877 per kg in ...
Since January 16, last year, the Indian Rupee (INR) has weakened by 4.71 per ... "Overall, weaker INR will inflate import bills, raise energy and input prices, leading to an overheated economy.
GTRI says depreciating domestic currency will increase India's gold import bill, especially as global gold prices have jumped 31.25 per cent, rising from USD 65,877 per kg in January 2024 to USD 86,46 ...