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India imposes 40% export duty on onions with immediate effect

 Published: 12:11, 20 August 2023

India imposes 40% export duty on onions with immediate effect

India will impose with immediate effect a 40% export duty on onions up to Dec. 31 in an attempt to improve domestic availability of the vegetable, the ministry of finance said in a notification on Saturday.

India's annual retail inflation INCPIY=ECI rose sharply to a 15-month high of 7.44% in July from 4.87% the previous month.

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