The Hindu Business Line

Gold im­ports up 35.5% in Apr-Jun

- Finance · Stocks & Markets · Business · Financial Markets

The coun­try’s gold im­ports, which have a bear­ing on the cur­rent ac­count deficit (CAD), in­creased by 35.5 per cent to $11.45 bil­lion (about ₹80,000 crore) dur­ing April-June quar­ter of the cur­rent fis­cal, ac­cord­ing to Com­merce Min­istry data. Im­ports of the yel­low metal stood at $8.45 bil­lion (about ₹59,000 crore) in the same pe­riod of 2018-19. CAD in­creased to $57.2 bil­lion or 2.1 per cent of GDP in 2018-19 as against 1.8 per cent in the pre­vi­ous year. It stood at $48.7 bil­lion in 201718. PTI

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