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Is India going back to bullion?

Posted on 12 February 2014

India’s trade deficit narrowed in January, thanks to the country’s strict import controls on gold imports. But analysts are warning that even though the figures are less alarming, now is not the time to let bullion back in.
The Reserve Bank of India (RBI) imposed tough rules on gold imports last year in an attempt to tackle the country’s crippling current account deficit. India was among many of the emerging markets that saw their currencies get battered when the U.S. Federal Reserve first floated the idea of tapering its quantitative easing program last summer………………………………………..Full Article: Source


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