Rupee Rout Prompts India to Raise Taxes on $12 Billion of Goods
Indian two thousand and five hundred rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Rupee Rout Prompts India to Raise Taxes on $12 Billion of Goods

(Bloomberg) -- India raised customs duties on products ranging from aviation fuel to footwear as it seeks to narrow the current-account deficit and support the rupee.
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