Gold imports may rise in Oct-Dec - Kotak
Reuters Market Eye - Finance Minister Chidambaram says government considering raising cost of gold imports, a key contributor to India's record current account deficit and thus a pressure on the rupee.
Gold imports showed some moderation in July-September, with bullion's share of total imports declining to 8.9 percent compared to 11.6 percent in same quarter in previous year, says Yes Bank.
Gold imports may have risen in the October-December quarter which included the Diwali and marriage season, and imports may remain high as real returns from domestic deposits remain low, says Kotak Mahindra Bank.
RBI is pushing for gold being held via exchange traded funds, inflation linked bonds as alternatives.
(Reporting by Subhadip Sircar)
- Tweet this
- Share this
- Digg this
- Special Report: Why Madrid's poor fear Goldman Sachs and Blackstone
- UPDATE 6-Doctor with Ebola in NY hospital, nurse declared virus-free
- Gold sales jump about 20 pct for Diwali - trade body
- UPDATE 3-Ford's lower profit beats estimates; sales down on F-150 launch
- Three major nations absent as China launches W.Bank rival in Asia
The latest Reuters poll of 20 economists taken over the past week shows Asia's third-largest economy will likely grow 5.5 percent this fiscal year and 6.4 percent the next, slightly better than 5.3 percent and 6.3 percent expected in the July poll. Full Article
Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw” Full Article