Bahra University - Shimla Hills

Rupee vs Dollar

Gold Import Duty Hike: India Raises Tax to 15% Amid Rupee Crisis

Gold Import Duty Hike: India Raises Tax to 15% Amid Rupee Crisis

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May 13, 2026

The Union Government has sharply increased the import duty on gold and silver to 15% to curb rising trade deficits and stabilize the rupee, following a record low against the US dollar.

Indian rupeePlunges to Record Low of 95.40 Against US Dollar as Crude Oil Surge Intensifies Pressure

Rupee Plunges to Record Low of 95.40 Against US Dollar as Crude Oil Surge Intensifies Pressure

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May 5, 2026

Soaring global crude prices, persistent dollar demand from oil marketing firms, and fresh geopolitical tensions in the Strait of Hormuz push the Indian currency to an unprecedented trough.