India central bank deputy says talking to govt on increasing gold import curbs
[NEW DELHI] The Reserve Bank of India is in talks with the government for a decision on increasing curbs on gold imports, RBI Deputy Governor SS Mundra said on Monday.
The RBI deputy also said attention needed to be paid to the surge in gold imports at a briefing with reporters in the capital.
October shipments to India, the world's No 2 gold consumer behind China, jumped to about 150 tonnes from less than 25 tonnes a year earlier and 143 tonnes in September, a finance ministry official said last week.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
Anglo rejects BHP takeover bid as significantly undervalued
India rice prices at three-month low on shrinking demand
Gold prices set for weekly decline ahead of US inflation data
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Oil settles higher as weak US economic growth offset by supply concerns
India's Vedanta misses Q4 profit estimates on lower prices