Friday, June 28, 2013

RBI clarifies gold import norms

...........The central bank advised banks to strictly ensure foreign exchange transactions by their constituents with these instructions. It said the instructions will come into force with immediate effect. Earlier, RBI had decided to restrict gold import on a consignment basis by banks, nominated agencies, and star trading houses in a bid to ensure gold is imported only to meet the genuine needs of the exporters of gold jewellery............

No comments: