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As the downward spiral of the rupee continues, its effect will be felt in the government not being able to hold the fiscal deficit, inflation in oil and other imports, the fall of investments made in the stock market and the increased cost to companies in repaying foreign loans.

India meets fiscal deficit target of 3.4 per cent via spending cuts:...

The government missed the tax collections target by over 1 trillion rupees.

9 April 2019 3:11 PM IST