Sunday, April 29, 2018

The Reserve Bank of India partially mitigated restrictions on the import of Dore gold alloys, allowing imports of 15 percent of its annual demand in the first two months, and the rest, depending on export performance. "Refineries have been granted permission to import Dore gold alloys up to 15 percent of their total average demand, based on their license permits in the first two months, so that they are available to exporters on the basis of the" first in First " out, FIFO). Then, the amount of gold-silver alloys Dore for imports should be determined for each lot on the basis of export performance, "RBI said in messages to banks.

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