Wednesday, January 16, 2013

Delhi mulls further curbs on gold imports to cut current account deficit

......Recently, the Reserve Bank of India executive Director Deepak Mohanty urged investors to shift from physical gold as a hedge against rising prices to financial products like inflation-linked bonds. While the CAD was indeed worrying, Chidambaram said it was within India’s capacity to underscore the crucial importance of FDI and FII.............

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