Narendra Modi, India and forex reserves

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Modi Tells India To Save Fuel, Stop Buying Gold, Cut Overseas Travel
HYDERABAD -Prime Minister Narendra Modi on May 10 appealed to citizens to conserve fuel, use public transport, revive work-from-home practices, avoid non-essential purchases and overseas vacations, and reduce gold buying to help save foreign exchange amid the global crisis triggered by the ongoing war in the Middle East.

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India Inc responds to PM Modi’s appeal on WFH work again, cutting non-essential travel and saving Forex; says: We are …
$1.82 bn in 1951-52 to $690 bn in 2026: Why 380x rise in India’s forex reserves matters amid PM Modi’s appeal
How much gold can you legally keep at home? Rules explained amid PM Modi's appeal to avoid buying the yellow metal
Prime Minister Narendra Modi recently urged citizens to avoid buying gold for the next one year, saying the country should focus on reducing non-essential imports and strengthening the economy.

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Gold, housing plays take a hit as Modi's austerity pitch rattles consumer-facing stocks
PM Modi reiterates call for work from home, avoid buying gold 'in time of global crisis'
Markets tumble after Modi urges curbs on fuel use, gold buying
Investors interpreted the remarks as a signal that the government may be preparing for tougher measures, including possible fuel price hikes or steps to curb imports.

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Gold ETFs or EGRs: Where to invest as PM calls for a one-year pause on purchases?
Gold comments by India's Modi, oil shock stoke tariff fears; jewellery stocks slide
Skift

Modi Just Told India’s Middle Class to Stay Home: Who’s at Risk and the Winners in Domestic Travel

Indian Prime Minister Narendra Modi on Sunday appealed to Indians to forgo foreign travel and international destination weddings for a year.

Shares of Indian jewellers slide after Modi urges pause on gold purchases to protect rupee

By Rajendra Jadhav and Nimesh Vora MUMBAI, May 11 (Reuters) - Shares of Indian jewellery retailers tumbled on Monday after Prime Minister Narendra Modi urged people to refrain from buying gold for a year to protect foreign exchange reserves,

Modi’s party wins control of India’s West Bengal in a key state election

Indian Prime Minister Narendra Modi’s ruling party has taken control of West Bengal, an opposition stronghold, in a key local election.

India's Modi tightens political grip with historic state victory — but can it usher in reforms and draw investors?

The victory of Indian Prime Minister Narendra Modi's political party in state polls dispels worries about his waning popularity, analysts said.

Modi urges pause on gold purchases in India to protect rupee

The Iran war has sent oil prices surging and that in turn has resulted in mounting pressure on India’s balance of payments and the ​rupee. India is the world’s third-largest oil importer and consumer, ‌meeting more than 90% of its crude oil needs and about half of its natural gas demand through imports.

Choose India, not overseas: PM Modi's fresh appeal against destination weddings abroad amid austerity call

Prime Minister Narendra Modi has urged Indians to rethink the growing trend of hosting weddings abroad and instead choose domestic destinations. He also highlighted the cultural, emotional and economic advantages of celebrating ceremonies within the country.

PM Modi to visit UAE, Europe on six-day trip as India pushes trade, energy and Nordic ties

Prime Minister Narendra Modi will undertake a six-day visit to the UAE, Netherlands, Sweden, Norway and Italy from May 2026, for high-level talks focused on trade, energy cooperation, and strengthening strategic global partnerships.

India Jewelry Stocks Lose 12% as Modi Targets $72 Billion Gold Import Bill

India's jewelry stocks shed up to 12% after Prime Minister Modi urged households to pause gold buying for a year.