Indian visitors look at gold ornaments displayed in a jewellery shop at the global B2B Jewellery and Gem Fair 2013 in New Delhi on September 21, 2013.The Indian government has this year issued a series of curbs on imports of gold – the second-most expensive item on India's import bill – hoping to ease the pressure on the currency - AFP Photo.
MUMBAI/NEW DELHI: India will keep a tight leash on gold imports despite a recent improvement in its trade deficit and lobbying by a bullion industry struggling with high premiums and a supply crunch.
The government is worried the trade gap could worsen again and the currency could weaken as the US Federal Reserve looks set to start tapering its economic stimulus soon.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
