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Feb 27, 2013, 06.58 PM IST

Gold imports likely to fall on lower inflation: Rajan

India's gold imports are likely to come down because of lower inflation and more attractive financial instruments for saving, said Raghuram Rajan, the finance minister's top economic adviser, on Wednesday.

Source: Reuters
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Gold imports likely to fall on lower inflation: Rajan
India's gold imports are likely to come down because of lower inflation and more attractive financial instruments for saving, said Raghuram Rajan, the finance minister's top economic adviser, on Wednesday.


Gold, used as an inflation hedge by Indian savers, is a major driver of the country's record current account deficit and the government raised tariffs on imports of the metal this year. Inflation has trended downward in recent months.


Also read: Women hope Budget focus on self-employment, gold & LPG


Tags: gold, imports, inflation, Raghuram Rajan, economic adviser, current account deficit
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