ML-Implode News - Govt could take more steps to curb gold import: Rajan

Within days of hiking import duty on gold, Chief Economic Advisor Raghuram Rajan today said government could take more steps to curb demand for the precious metal amidst widening current account deficit.
"We have taken number of measures to curb the import of gold. The government will never say its end of it," he told reporters on sidelines of a workshop here.''
...
The high CAD (Current Account Deficit) in turn affects rupee value. In early trade, the rupee hit life-time low of 57.54 against the US dollar.

They keep tryin'. Don't suggest to them that making fundamental changes -- like turning the rupee into a sound currency -- might be the way to stop the imbalances. Governments almost always prefer Draconian stopgaps.

Relevant:

Govt could take more steps to curb gold import: Rajan