Fri, Aug 29, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | ETFs / ETCs, Performance, Regulatory more

India: Gold funds may be hit by RBI’s curbs on imports for domestic use

Posted on 17 May 2013

Gold exchange traded funds (ETF), among the hottest financial products in recent times, may face a curious problem because of a recent RBI circular which bars the import of gold on a consignment basis for domestic use.
Authorised participants (APs) who create and redeem units backed by gold, and fund houses said this could crimp liquidity in the product and prevent growth of assets under management in quantity terms unless RBI clears the air on the issue………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

August 2014
S M T W T F S
« Jul    
 12
3456789
10111213141516
17181920212223
24252627282930
31