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Indian central bank cautious on response to gold import surge
By Suvashree Choudhury and Neha Dasgupta
Reuters
Friday, November 21, 2014
MUMBAI, India -- The Reserve Bank of India, grabbling with a surge in gold imports last month, could support some restrictions for trading houses but two senior policymakers involved in the bank's decision-making said officials were also wary of overreacting. ...
A senior finance ministry source told Reuters on Tuesday the country would soon announce measures set to center on import restrictions for private trading house that were eased earlier this year. Private jewellery exporters account for the bulk of demand for gold.
But the country has yet to announce any steps, and the two policymakers said on Friday there was no agreement yet. "No decision has yet been taken on curbing gold imports," said one of the policy makers, who declined to be named. ...
... For the remainder of the report:
http://in.reuters.com/article/2014/11/21/india-rbi-gold-idINKCN0J51JE201...
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