India Considers Emergency Forex Measures

India is contemplating the implementation of emergency measures to bolster its foreign exchange reserves. These potential steps include restricting non-essential imports, such as gold and electronic goods, and increasing fuel prices. The objective is to mitigate the economic impact stemming from the ongoing conflict in Iran. By curbing imports and raising fuel costs, the government aims to reduce the outflow of foreign currency and stabilize the national economy. This proactive stance reflects concerns about global geopolitical instability and its potential repercussions on India's financial health.