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Increase in Gold Imports
Posted on: 12/Dec/2014 2:16:05 PM
Reserve Bank Governor, Mr. Raghuram Rajan, informed the press that the Import of Gold has been on the increase.
While addressing the people in a meeting in New Delhi, he informed about the increased gold imports and explained that this is due to loosening the control over the rules for importing gold. Because of this increase in imports, foreign exchange shortage of the country also has increased. However, he concluded that it is not possible to extend these conditions. Though the present shortage in the budget is not in a bad position, it is our duty to make it better.
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