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Centre to put curbs on imports of some items to arrest rupee's fall: Report

The authorities have already started to track the imports of select products, including electronics. However, a final decision is still to be made

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Illustration: Ajay Mohanty

BS Web Team New Delhi
In a bid to contain the widening current account deficit (CAD), the government may target some "non-essential imports" through hikes in duties. This will be done if the fall in the value of the rupee continues, a report by Financial Express (FE) stated. 

Amid the continuous tightening of monetary policy by the US Federal Reserve (Fed), the CAD may prove to be a double whammy for the Indian currency, the report added. 

The authorities have already started to track the imports of select products, including electronics. However, a final decision is still to be made. Electronics are the second highest

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First Published: Sep 30 2022 | 1:05 PM IST

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