Higher gold taxes could backfire again
When governments want consumers to buy less of something, they usually reach for taxes.
Representational Image (Photo: Getty Images)
The rupee took a cue from stocks and climbed 9 paise to 64.79 against the dollar today as fresh sale of the US currency by exporters paced up.
The local unit was in a sweet spot also because of a weak dollar overseas.
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Yesterday, the rupee plummeted by a whopping 30 paise to close at an over one-month low of 64.88 against the US dollar, weighed down by fresh demand for the American currency from importers.
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The benchmark BSE Sensex was trading higher by 131.84 points, or 0.42 per cent, to 31,353.46 in opening trade today.
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