2014 March 21

No change in 80:20 rule for gold import: Chakrabarty

RBI Deputy Governor K C Chakrabarty today defended the decision to allow more banks to import gold, saying presence of more players will lead to lower cost and help the country's external balances. "If there is competition, gold will be imported at a lower cost. Whatever gold will be imported

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Gold jewellery exports turn to uptrend in February

MUMBAI (Reuters) - Gold jewellery exports from India rose for the first time in the fiscal year last month, helped by better availablity of gold, and industry officials said this trend will gain pace in coming months with more banks importing.India's jewellery exports had been hit by limited gold supplies

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European central banks may end restrictions on gold sales

European central banks may end a 15-year-old restriction on sales of their gold holdings this year, a top German central banker said. "The negotiations are still ongoing," Deutsche Bundesbank board member Carl-Ludwig Thiele said in a recent interview with The Wall Street Journal. "No one can see into the future,

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