FM speak on Rupee & GOLD
AT a conference yesterday, the Finance Minister ruled out a complete ban on gold imports and appealed to the people to moderate their purchases of the precious metal which is costing the nation USD 50 billion in foreign exchange. He also said that the government was targeting a "level" for the fluctuating rupee.
Almost two months ago in we reported that the Finance Minister had appealed to the people to contain their passion for gold. Finding that the people ‘just do it', the appeal for "containment" has changed to "moderation".