Finance Commission Chairman Arvind Panagariya has cautioned against targeting gold imports through higher duties, arguing that allowing the rupee to depreciate would be a more effective way to manage India's widening current account pressures. Panagariya backed Prime Minister Narendra Modi's public appeals for behavioural changes such as reduced travel and work from home, but questioned selective duty hikes on gold imports. "I'm perfectly okay with the moral suasion that the Prime Minister has resorted to," Panagariya said in an exclusive interview with India Today TV.