Mumbai: Exports of gold jewellery from India fell 6.9% on month in October to $608.95 million, an industry body said on Monday.

India, which is fighting hard to reduce its current account deficit, has brought in measures to restrict imports of gold — its second-biggest import item after oil — which has affected the jewellery sector.

The measures included a rule that said 20% of all the gold shipped in must be turned around and exported as jewellery.

Gold jewellery exports from April to October fell nearly 55% to $3.95 billion, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement

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