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.