https://www.taxtmi.com/news?id=3336 A widening current account deficit and supply-demand imbalance in the foreign exchange market are cited as causes of rupee depreciation, financed by capital inflows and reserve drawdowns. To mitigate import-driven pressure, the Union Budget proposes an increase in basic customs duty on specified gold and platinum imports, and the central bank has imposed prudential restrictions on NBFCs providing loans against gold jewellery to curb gold-backed lending. en-us Tue, 15 May 2012 18:17:59 +0530 Tue, 15 May 2012 18:17:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=3336 A widening current account deficit and supply-demand imbalance in the foreign exchange market are cited as causes of rupee depreciation, financed by capital inflows and reserve drawdowns. To mitigate import-driven pressure, the Union Budget proposes an increase in basic customs duty on specified gold and platinum imports, and the central bank has imposed prudential restrictions on NBFCs providing loans against gold jewellery to curb gold-backed lending. News - Tue, 15 May 2012 18:17:59 +0530 https://www.taxtmi.com/news?id=3336