....... The reason for this is that the different circulars issued by the RBI, the customs department and the director-general of foreign trade, which comes under the commerce ministry, are confusing. Consignments, therefore, are not being cleared fast enough by customs. If the bullion industry has a case, then the finance minister can look into it. Mr Chidambaram will have to find a way out of this impasse of lowering interest rates. His other saviour could be RBI governor Raghuram Rajan, who on October 29 will announce the credit policy.
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