Wednesday, August 14, 2013

RBI tightens gold import norms

Realigning norms on gold imports, the Reserve Bank of India (RBI) has mandated that banks and bullion trading houses must retain 20% of every lot of imports of the metal at customs warehouses. The RBI has also added that fresh gold can be imported only when 75% of the stock lying in these warehouses is used for export purposes.

0 comments:

Post a comment