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India to resume gold imports but rules mean no rush
By Anurag Kotoky and Mayank Bhardwaj
Reuters
Friday, September 20, 2013
NEW DELHI, India -- India will start buying gold again after a two-month gap as the government and banks have agreed how new rules on imports should work, easing prices in the world's biggest bullion buyer and helping supplies just as seasonal demand kicks in.
But monthly shipments by the world's top importer are unlikely to be even a quarter of May's record 162 tonnes to start with and annual imports will be sharply down, helping to cut a bulging current account deficit and support the rupee.
... For the complete story:
http://in.reuters.com/article/2013/09/20/india-gold-idINDEE98J09020130920
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