23.03.2011 - India's gold demand may fall 16 per cent in 2011: Morgan Stanley
Gold appetite in India, which imported a record quantity of the metal last year, is likely to fall in 2011 by 16 per cent, as near-record prices dent demand in the world's largest consumer, resulting in a positive impact on banks' deposit growth, Morgan Stanley said. "We believe that the current account deficit can surprise on the downside with positive implications on growth," said Ridham Desai, Head of India Research at Morgan Stanley, in a report on Tuesday..............................................Full Article: Source
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