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why gold is getting cheaper and its impact on indian economy

Mar 20, 2017 India is a net importer of oil. It has to buy oil in dollars. Therefore, rising oil prices worsen India’s current account and also weaken the Rupee. More Indian’s rupees have to be spent on buying oil. Impact of Devaluation in Indian Rupee. Inflationary pressures. India is trying to control inflation, which has been running into double digits

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