India moves to restrain gold imports, narrow current-account gap

07/22/2013 | Economic Times (India), The

India's central bank clamped restrictions on the import of gold, requiring that 20% be made available for export and an additional 20% be retained by customs. The move is directed at India's ballooning current-account deficit, which has been worsened by the popularity of gold and high oil prices.

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Economic Times (India), The

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