The $5 billion downward revision in gold imports would lead to an equivalent reduction in the country's trade deficit which would strengthen the macroeconomic fundamentals and be positive for the rupee, a senior official said.
The revised figures for inbound shipments of gold in value terms are nearly 34 per cent lower than what was reported last month.
This story is from the January 09, 2025 edition of The Statesman.
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This story is from the January 09, 2025 edition of The Statesman.
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