Get latest articles and stories on Latest News at LatestLY. India saw more than two-and-a-half times increase in import of refined palm oil at 17.12 lakh tonne in the last 11 months due to lower prices in Indonesia, industry body SEA said on Thursday. Latest News | India s Refined Palm Oil Imports Jump 2.7 Times in Last 11 Months.
The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen.