Wednesday, April 17, 2013

When Budget says don’t buy gold, why are banks selling yellow metal?

..........Replying to this, K.C. Chakrabarty, Deputy Governor of Reserve Bank of India, said that if a bank is selling gold, RBI will not come in its way. Banning a particular activity is a policy level decision. Stating that the issue is under examination, Chakrabarty said: “Personally I am in favour of your opinion.”.................

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