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Subhash Chandra Garg, secretary of Department of Economic Affairs (DEA), addresses a press conference, in New Delhi, on Friday.(PTI Photo)

India has adequate ‘firepower’ to deal with rupee volatility: DEA secretary

By Reuters | Reuters
PUBLISHED ON JUN 29, 2018 11:52 AM IST
The volatility in rupee is being driven by global factors including the proposed US sanctions on Iran and the mismatch in demand and supply of oil, Subhash Chandra Garg said.
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An Indian petrol pump attendant waits for customers at a station in New Delhi, 18 September 2007. Oil prices topped 81 dollars a barrel for the first time 18 September, setting another record high amid fears of critically tight supplies for the winter season in the United States. AFP PHOTO/ MANAN VATSYAYANA(AFP Photo)
An Indian petrol pump attendant waits for customers at a station in New Delhi, 18 September 2007. Oil prices topped 81 dollars a barrel for the first time 18 September, setting another record high amid fears of critically tight supplies for the winter season in the United States. AFP PHOTO/ MANAN VATSYAYANA(AFP Photo)

No excise duty cut on petrol, diesel for now, says DEA Secretary

By Press Trust of India | Press Trust of India, New Delhi
UPDATED ON APR 30, 2018 05:50 PM IST
Every rupee cut in excise duty on petrol and diesel will result in a revenue loss of Rs 13,000 crore, said DEA Secretary Subhash Chandra Garg.
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