Tuesday, November 12, 2013

Chidu can Dance Now; Gold Imports may Fall 71% this Qtr

......The drop in gold imports took place after Reserve Bank of India had said on July 22 that a fifth of the gold purchases by importers in every lot would have to be exclusively made available to exporters. Only 80% of the imports could be used for domestic purposes, and that too for entities engaged in jewellery business, bullion dealers and banks, RBI said................

Read - ET

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