- There is a need to moderate gold import as the insatiable appetite for the yellow metal could jeopardise economic stability, a panel constituted by the RBI has said. Financial products designed to provide returns equivalent to that of the precious metal could divert investors from buying gold, it said.
Full article: http://economictimes.indiatimes.com/news/economy/foreign-trade/rbi-committee-wants-steps-to-cut-gold-import/articleshow/17866983.cms
Analysis details (11:02)
- Fox News also reports: An Indian central bank panel Wednesday suggested tax incentives for gold investors to deposit their holdings with banks and another round of higher duties on the import of the precious metal as part of a coherent strategy to reduce the nation's yawning current account gap.
Read more: http://www.foxbusiness.com/news/2013/01/02/india-panel-suggests-steps-to-check-gold-demand/#ixzz2GsjI8Jum
03 Jan 2013 - 10:59 - Fixed Income - Source: RANsquawk
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