Monday, August 5, 2013

RBI curbs on gold import opposed

........Explaining the association’s views on the RBI order, its president B. Girirajan made it clear on Friday the main objection was to the RBI directive that 20 per cent of gold imported by banks and other recognised agencies should be kept in customs bonded warehouses and 75 per cent in bonded warehouses should be exported as gold jewellery............

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