Gold imports down 57% to USD 6.8 bn in H1 FY21
Gold imports, which have a bearing on the current account deficit (CAD), plunged 57 per cent to USD 6.8 billion (around Rs 50,658 crore) during the first half of this fiscal amid a slump in demand due to the COVID-19 pandemic, showed data by the commerce ministry.
In the corresponding period a year ago, gold imports stood at USD 15.8 billion (about Rs 1,10,259 crore). Source: Reuters