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Business News/ Politics / Policy/  Govt to consult RBI on easing gold import curbs: Chidambaram
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Govt to consult RBI on easing gold import curbs: Chidambaram

India used to be the No. 1 buyer of gold before the Centre slapped a record 10% import tax to cut trade deficit

File photo of finance minister P. Chidambaram. Photo: Mint Premium
File photo of finance minister P. Chidambaram. Photo: Mint

New Delhi: The government will consider easing curbs on gold imports in consultation with the Reserve Bank of India (RBI), finance minister P. Chidambaram told a news conference on Monday.

India, which used to be the No. 1 buyer of gold before the government slapped a record 10% import tax and put in place other restrictions to cut ballooning trade deficit, has recently allowed five private banks to import the metal. Reuters

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Published: 31 Mar 2014, 06:38 PM IST
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