RBI eases gold import restriction

RBI eases gold import restrictions

After a  long time jewellers will feel relief with the recent decision of Reserve Bank  of India (RBI), which has allowed banks to import gold in bullion form, also allowed them to extend gold loans

RBI eased maximum of the restrictions on gold imports which they have put more than a year ago when Indian economy was drastically falling down so as rupee.
Because of RBI’s previous restrictions, there was a shortage of gold in market, now with the new announcement this problem will be solved, which also decrease smuggling of gold.

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