Despite higher taxes on gold imports, current account deficit to more than double: Reports

While the export duty on oil could improve government finances marginally, the raising of import costs for gold is unlikely to curb local demand for the yellow metal. Economists forecast the rupee to breach the 80-per-dollar mark soon.

Despite higher taxes on gold imports, current account deficit to more than double: Reports
While the export duty on oil could improve government finances marginally, the raising of import costs for gold is unlikely to curb local demand for the yellow metal. Economists forecast the rupee to breach the 80-per-dollar mark soon.