Off the record by P Vaidyanathan Iyer: A ‘golden’ fix for India’s forex stress? - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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Off the record by P Vaidyanathan Iyer: A ‘golden’ fix for India’s forex stress?

With forex reserves plummeting to just $1.1 billion in June, barely enough to pay for 2-3 weeks of essential imports, the RBI proposed pledging 50 tonne of gold to raise foreign exchange


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