New Delhi: Amid the surge of onion prices in the country, Centre on Saturday imposed a whopping 40 percent duty on the export of onions till December 31 this year.
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The increased duty on export of onions is effective immediately, it said.
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Amid increasing onion prices this month, the Reserve Bank of India (RBI) reported that tomato prices have also gone up on average in August. However, recent data suggests a slight decrease in tomato rates.
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The prices of onions and potatoes also saw a sequential increase, as per the RBI bulletin released on Thursday.
The rise in onion prices is expected to continue in September as well.
