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The Nexus
BUSINESSMay 13 · 01:47 UTCBLOOMBERGPreeti Soni

India More Than Doubles Gold, Silver Tariffs to Defend the Rupee

India has more than doubled gold and silver tariffs to defend the rupee, while Poland's central bank is increasing its gold purchases by 150 tons due to geopolitical instability. This move aims to stabilize the currency amidst record-high gold prices. The increased tariffs and gold purchases are strategic responses to global economic uncertainty.

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