.....The RBI must proactively think in terms of creating an institutional structure for comprehensive management of gold in the domestic economy. Given the deregulation of all interest rates, the RBI has considerable leeway in using markets to create a market for gold that minimises the use of physical gold as an investment vehicle while being transparent to all investors.The RBI should set up Gold Bank of India, which would take in deposits in gold and also lend gold against adequate collateral to other banks and institutions. It would have complete freedom to import or export gold.......
Read..............
No comments:
Post a Comment