Tuesday, June 4, 2013

Non-bank agencies keep gold tap flowing

...........To beat the curbs, banks imported heavily and the central bank decided to tell them to stop from May 13. After that, non-bank nominated agencies have become very active under this route, something RBI has been silent on. The World Gold Council has estimated total imports in the April-June quarter to be 300-400 tonnes. In April-June 2012, net gold import was 153 tonnes, it has said.............

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