{"id":93771,"date":"2018-10-11T16:40:24","date_gmt":"2018-10-11T16:40:24","guid":{"rendered":"http:\/\/www.bnreport.com\/india-may-bring-more-import-curbs-to-boost-rupee\/"},"modified":"2018-10-11T16:40:24","modified_gmt":"2018-10-11T16:40:24","slug":"india-may-bring-more-import-curbs-to-boost-rupee","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/india-may-bring-more-import-curbs-to-boost-rupee\/","title":{"rendered":"India may bring more import curbs to boost rupee"},"content":{"rendered":"

By Shruti Srivastava and Siddhartha Singh
<\/strong>
India is considering a proposal to increase import duties on a raft of products ranging from plastic to steel as it seeks to curb a ballooning current-account deficit and prop up a sagging rupee<\/a>, people familiar with the matter said. <\/p>\n

Prime Minister Narendra Modis administration is planning to increase tariff on items including furniture, chemicals and mobile phone components, the people said, asking not to be named as the information is not public. The prime ministers office is planning a meeting in New Delhi as early as this week to review measures including curbs to curtail the trade gap, they said. Finance ministry spokesman D.S. Malik declined to comment. <\/p>\n

The South Asian nation is trying to curb overseas shipments to prevent a further widening of the current-account deficit and stem the fall of the rupee. The currency, which has been plummeting for six straight months in the longest stretch since 2002, is seen hitting 75 per dollar<\/a> by year-end, according to median of 10 analysts surveyed by Bloomberg. <\/p>\n

The trade deficit represented 2.4 percent of gross domestic product, more than the 1.9 percent seen in the March quarter, according to latest data from the RBI. Earlier measures such as raising import tariffs on 19 products and easing some overseas borrowing norms have as yet failed to revive the confidence of investors. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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By Shruti Srivastava and Siddhartha Singh<\/p>\n

India is consider..<\/p>\n","protected":false},"author":1,"featured_media":93772,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[202],"tags":[],"class_list":["post-93771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nIndia may bring more import curbs to boost rupee - Business News Report<\/title>\n<meta name=\"description\" content=\"By Shruti Srivastava and Siddhartha Singh India is consider..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/india-may-bring-more-import-curbs-to-boost-rupee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"India may bring more import curbs to boost rupee - Business News Report\" \/>\n<meta property=\"og:description\" content=\"By Shruti Srivastava and Siddhartha Singh India is consider..\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bnreport.com\/en\/india-may-bring-more-import-curbs-to-boost-rupee\/\" \/>\n<meta property=\"og:site_name\" content=\"Business News Report\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Business-NewsReport-328225811095934\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-11T16:40:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bnreport.com\/wp-content\/uploads\/2018\/10\/Master-8.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"679\" \/>\n\t<meta property=\"og:image:height\" content=\"387\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"infopal11\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@BNReport\" \/>\n<meta name=\"twitter:site\" content=\"@BNReport\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"infopal11\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/india-may-bring-more-import-curbs-to-boost-rupee\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/india-may-bring-more-import-curbs-to-boost-rupee\\\/\"},\"author\":{\"name\":\"infopal11\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#\\\/schema\\\/person\\\/19d1c5a2dd7f60584a09de4a7805d68f\"},\"headline\":\"India may bring more import curbs to boost rupee\",\"datePublished\":\"2018-10-11T16:40:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/india-may-bring-more-import-curbs-to-boost-rupee\\\/\"},\"wordCount\":239,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/india-may-bring-more-import-curbs-to-boost-rupee\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.bnreport.com\\\/wp-content\\\/uploads\\\/2018\\\/10\\\/Master-8.jpg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.bnreport.com\\\/en\\\/india-may-bring-more-import-curbs-to-boost-rupee\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/india-may-bring-more-import-curbs-to-boost-rupee\\\/\",\"url\":\"https:\\\/\\\/www.bnreport.com\\\/en\\\/india-may-bring-more-import-curbs-to-boost-rupee\\\/\",\"name\":\"India may bring more import curbs to boost rupee - 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