Plunging Rupee Pushes India to Raise Taxes on Gold, Oil.

Reserve Bank of India Governor Shaktikanta Das has said the central bank uses a multi-pronged intervention approach to minimize actual outflows of dollars and won't allow a runaway rupee depreciation. (Bloomberg) -- India tightened exports of oil and imports of gold in an all-out effort to rein in the rupee that plunged to a fresh record Friday. [Extracted from the article]