Higher gold taxes could backfire again
When governments want consumers to buy less of something, they usually reach for taxes.
The Rupee on Friday edged lower by 1 paisa to 64.46 against the Dollar due to fresh buying of the American currency by importers.
Traders said fresh demand of the US currency from importers weighed, but a higher stock opening and Dollar's weakness against other currencies overseas capped the Rupee's fall.
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On 13 July, the local currency had gained 9 paise to end at an over three-week high of 64.45 amid unabated rise in domestic equities.
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Meanwhile, the benchmark BSE Sensex climbed 72.37 points, or 0.22 per cent, to a new record 32,109.75 in opening trade.
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