Commodity Trade Mantra

Posts Tagged ‘Rupees’

Don’t Expect India’s Gold Imports to Surge on Tariff Cuts

The Indian government is reversing its efforts to curtail gold imports & gold importers expect a drop in import tariffs to be announced in the upcoming federal budget. But will there be a big surge of gold imports as a result? Probably not. Gold imports will continue to be strong as are now & the cuts may not make a noticeable difference.

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