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India's central bank trades foreign currency futures
RBI Chief Says Government Will Review Gold Import Norms
By Suvashree Choudhury and Gaurav Pai
Reuters
Tuesday, December 2, 2014
MUMBAI, India -- Reserve Bank of India Governor Raghuram Rajan said the decision to scrap a rule mandating traders to export 20 percent of all gold imported into the country was a "reasonable" one and the government will review its gold import policies. ...
The governor also clarified that the central bank's forward positions in foreign currency is "one reason" for conducting open market bond sales. ...
... For the remainder of the report:
http://in.reuters.com/article/2014/12/02/india-rbi-rajan-gold-import-idI...
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