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Norms for gold imports tightened further
June 6, 2013June 6, 2013by In Infrastructure Finance

Norms for gold imports tightened further

By imposing restrictions on the agencies concerned the Reserve Bank of India (RBI) has further tightened the norms for import of gold. The Central bank has said these entities can import gold on a consignment basis only to meet genuine needs of gold jewellery exporters. Industry experts said the measures announced on June 4 would dampen gold imports, which might come down by 100-120 tonne during the current financial year.