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India Considering Emergency Measures to Save Foreign Exchange

Bloomberg Tech · May 11, 2026, 12:58 PM · Also reported by 2 other sources

India is considering emergency steps to shore up foreign-exchange reserves, including curbing non-essential imports like gold and electronic goods, and hiking fuel prices, to help cushion the economy from the fallout of the Iran war, people familiar with the matter said.

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Times of India 'Need to save foreign exchange amid war crisis': PM Modi pushes for cut in fuel use & gold buying, favours WFH DW English India news: Cut fuel use, gold buys and foreign trips, says Modi, as no end in sight to Iran war

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India Considering Emergency Measures to Save Foreign Exchange

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