RBI Catches yellow Fever

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