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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
India, the fastest-growing major economy, is facing economic pressures due to rising energy prices from the Iran war, causing the rupee to hit an all-time low. Investors heavily sold Indian assets, and gold prices surged following an increase in import duties. Prime Minister Modi urged citizens to adopt measures to conserve foreign exchange, including limiting travel and working from home.