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Gold imports fall 32% on strict govt measures
Gold imports to India declined 32.4 per cent in 2011-12, as the government stepped up measures to control the precious metal’s flow into the country, including rises in import duties.
A Reuters poll estimated that gold imports to India stood at 655 tonnes in the last financial year, compared with 969 tonnes the year before. In 2009-10, the year which saw a a worsening global economic sentiment,
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