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Tuesday, May 14, 2013

RBI Catches yellow Fever

Master blaster Tendulkar during the launch of a limited edition gold coin
The Reserve Bank of India (RBI) on Tuesday imposed restrictions on import of the gold by banks as its import saw a huge jump in April.

Gold and silver imports in April jumped by 138 per cent to $7.5 billion from $3.1 billion in the same month in 2012, according to commerce ministry.
This pushed the trade deficit in April to $17.7 billion.

Continue Reading Story Deccan Chronicle Hyderabad

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