Government to soon announce import curb on several non-essential items, says Subhash Chandra Garg
Updated : September 19, 2018 04:39 PM IST
Last week, Finance Minister Arun Jaitley announced the government's decision to relax norms for raising overseas borrowing and impose restrictions on the non-essential imports as part of efforts to check rising current account deficit (CAD) and a falling rupee.
The rupee has logged year-to-date losses of more than 13 percent against the strengthening US dollar after trade concerns and firming up crude oil prices.
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