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Home Business World Gold Council warns India against curbs on gold imports
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World Gold Council warns India against curbs on gold imports

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Harminder Singh
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September 19, 2018
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    World Gold Council warns India against curbs on gold imports

    New Delhi: India should not tamper with its gold import duty or impose other restrictions to support the rupee, the World Gold Council said on Wednesday, as the government considers ways to cut “non-necessary” imports to stem an outflow of dollars.

    Don’t Miss: India considers raising import duty on steel to support rupee

    Soma sundaram PR, managing director of the Indian operation of the industry body, said current demand for the metal is down 7 percent this year from a year earlier and that gold was “not at the centre of the current account deficit issue”.

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