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Gold measures could soon be eased in India - Analysts

Posted on 17 December 2013

Good news is in the offing in India with the government deliberating a review of the duty structure and the restrictive measures to import gold. With the country’s current account deficit shrinking to $5.2 billion, India’s tough measures on gold are set to ease, according to reports.
“India’s CAD is just 1.2% of gross domestic product for the quarter ended September 2013, as compared to the deficit of $21.8 billion for the quarter ended June 2013 - nearly 76% down. The reduction in CAD is attributed to curbs on gold imports coupled with a smart recovery in exports following the depreciation of the rupee,” said Manish Kedia, bullion retailer………………………………………..Full Article: Source


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