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RBI talking to govt about more gold import curbs
Published Mon, Nov 17, 2014 · 09:50 PM
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.…
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