RBI talking to govt on increasing gold import curbs

The Reserve Bank of India is in talks with the government for a decision on increasing curbs on gold imports, RBI Deputy Governor S S Mundra said on Monday.

The RBI deputy also said attention needed to be paid to the surge in gold imports at a briefing with reporters in the capital.

October shipments to India, the world's No 2 gold consumer behind China, jumped to about 150 tonnes from less than 25 tonnes a year earlier and 143 tonnes in September, a finance ministry official said last week.