Govt to consult RBI in easing gold import cubs: FM | business | Hindustan Times
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Govt to consult RBI in easing gold import cubs: FM

The government will consider easing curbs on gold imports in consultation with the Reserve Bank of India (RBI), Finance Minister P. Chidambaram told a news conference.

business Updated: Mar 31, 2014 17:10 IST

The government will consider easing curbs on gold imports in consultation with the Reserve Bank of India (RBI), Finance Minister P. Chidambaram told a news conference on Monday.

India, which used to be the No. 1 buyer of gold before the government slapped a record 10 percent import tax and put in place other restrictions to cut ballooning trade deficit, has recently allowed five private banks to import the metal.