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India considering curbing gold imports - Chidambaram

Source : REUTERS
Last Updated: Wed, Jan 02, 2013 12:14 hrs
(Blank Headline Received)

 India is considering raising the cost of gold imports, Finance Minister P. Chidambaram said on Wednesday, as part of efforts to curb the country's current account deficit, which widened to a record high of 5.4 percent of GDP in the September quarter.

A sharp rise in gold imports, a hefty oil bill and falling exports due to the global slowdown have kept India's current account deficit at persistently high levels.

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