Why Reserve Bank of India on 7 June 2013 extended the restriction on advance against gold on co-operative banks
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eAnswers Team
According to experts it was expected that RBI will extend the restriction in advance against gold on co-operative banks. The decision has been taken to curb the demand for gold and the decision has also been taken in the backdrop of government raising the import duty on gold to 8 per cent from 6 per cent.
eAnswers Team
According to experts it was expected that RBI will extend the restriction in advance against gold on co-operative banks. The decision has been taken to curb the demand for gold and the decision has also been taken in the backdrop of government raising the import duty on gold to 8 per cent from 6 per cent.
eAnswers Team
According to experts it was expected that RBI will extend the restriction in advance against gold on co-operative banks. The decision has been taken to curb the demand for gold and the decision has also been taken in the backdrop of government raising the import duty on gold to 8 per cent from 6 per cent.