Monday, 20 May 2013

Wall Street Journal: India May Take More Steps to Curb Gold Demand

NEW DELHI--India will take more steps to curb gold demand if imports continue to rise, Finance Minister P. Chidambaram said Monday, as a recent fall in the metal's price has led to a buying spree, threatening the government's efforts to narrow the country's trade and current-account deficits.

While speaking to reporters on the sidelines of a conference, Mr. Chidambaram didn't provide details such as the steps the government could take.

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