NEWS & ADVICE : SAVINGS ACCOUNTS
The Reserve Bank Of India Could Consider Monetising The Gold – Mr. Anand Sharma
By Vaibhav Aggarwal
Aug 30, 2013
Print    Email    RSS   

The Indian Government Trade Minister, Mr. Anand Sharma feels that the RBI has to examine the possibility of monetizing the gold holdings. At present, the RBI is having 557.7 tonnes of gold and it was clear whether the trade minister was mentioning about the gold with the RBI or with the private parties. This could be done to combat the current account deficit. The devaluation of the INR is the only concern, at this moment and the RBI is taking various stringent moves to control the sliding of the Rupee. In fact, India is in the third position in the world, as far as the current account deficit and the CAD is going to touch the ninety Billion dollar mark.

Mainly because of the CAD, the rupee is unable to recover against the dollar, though it had recovered a little from the record low of 68.82. The Reserve Bank of India has to change its policy, if it plans to monetize the gold holdings, which is not an easy task


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Carnival of Indian Personal Finance Blogs #3
12 point conduct checklist for bank and...
Steps to file Income Tax return online
Carnival of Indian Personal Finance Blogs #1
Savings account portability: How...


MY ACCOUNT NO IN SBI IS 36120836791. WHICH IS MY...
my account has old new no open
Balance
can i know my account balance?
how can I change my bank account mobile number
sir my new mobile number .7378547151 my account...

NEWS THIS WEEK
HDFC bank adjudged as the Best private bank in India Feb 16, 2015
HDFC reported an increase of 20% in its net profit Feb 16, 2015
ICICI bank launched Flash remit facility Feb 13, 2015
BOM launched new savings deposit scheme for HNI customers Feb 12, 2015
BMB bank to have a total of 80 branches by the March end. Feb 10, 2015
News Archive