Wednesday, June 26, 2013

RBI tightens gold lending norms for regional rural banks

MUMBAI: The Reserve Bank of India tightened restrictions on gold lending on Tuesday for regional rural banks (RRBs) and said the curbs extend also to units of gold exchange traded funds (ETF) and units of gold mutual funds, to tame demand for the yellow metal and rein-in a record high current account gap........

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