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Gold imports to hit 20-year low in Feb
Mint Chennai
|February 25, 2025
India's gold imports are set to tumble 85% in February from year-ago levels to their lowest in 20 years, with demand sapped by record prices for the precious metal, a government official and three bank dealers told Reuters.
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Lower gold imports could help India narrow its trade deficit and support the rupee that is trading near record lows against the dollar.
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