RBI talking to govt about more gold import curbs

New Delhi

INDIA'S central bank is in talks with the government to increase curbs on gold imports, deputy governor SS Mundra said on Monday, reflecting policymakers' concerns that a jump in inbound shipments will worsen the country's trade deficit.

Mr Mundra's comments come on the same day that trade data showed India's gold imports in October surged nearly four-fold to US$4.18 billion from a year ago. India is the world's No 2 gold consumer behind China.