Under the 80:20 norm, put in place in August 2013 to curb high gold inflows that was widening the current account deficit, at least 20 per cent of the imported gold had to be mandatorily exported before bringing in new lots.
from News Nation http://www.newsnation.in/article/62355-gold-2-week-low-easing-import-curbs-rbi.html
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from News Nation http://www.newsnation.in/article/62355-gold-2-week-low-easing-import-curbs-rbi.html
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