NEW DELHI, June 22 (Reuters) – Gold imports to India, one of
the world’s largest buyers, came down by $6.2 billion in the
first two months of the current fiscal that began in April,
compared with the year-ago period, finance secretary R.S. Gujral
said on Friday.
Gold buying in India has been sluggish after prices rose to
record highs and the federal government doubled import duty on
the yellow metal to 4 percent. Gold imports have been widely
blamed as one of the reasons for the country’s widening current
account deficit.
(Reporting by Rajesh Kumar Singh; Editing by Anurag Kotoky)
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