India should allow banks to hold gold as reserves, World Gold Council report says

Section:

By Meenakshi Sharma and A. Ananthalakshmi
Reuters
Tuesday, December 9, 2014

India should allow banks to use gold as part of their liquidity reserves, which would let them make more use of gold inside the country and reduce the need for imports, an industry body said today, seeing that as an alternative to import curbs.

The world's second-biggest consumer of the metal should also consider setting up an exchange for transparent gold pricing and to streamline trade, according to a report commissioned by the World Gold Council. ...

... For the remainder of the report:

http://in.reuters.com/article/2014/12/09/gold-india-wgc-idINKBN0JN0YP201...



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