The Indian government has clarified that there are currently no plans to impose restrictions on non-essential imports, even as authorities continue to closely monitor movements in the rupee and the broader external trade environment. Commerce and Industry Minister Piyush Goyal said the Centre remains watchful of currency fluctuations and global economic developments but does not intend to introduce import curbs at this stage. The statement comes amid market speculation over possible measures to manage the trade deficit and support the domestic currency following volatility in global commodity prices and foreign exchange markets. Government officials indicated that India’s external sector remains stable, supported by healthy foreign exchange reserves and resilient export performance across several sectors.
