In this technical presentation Devesh Kapur, Marla Spivack, Arvind Subramanian, and Milan Vaishnav use trade data to search for an explanation for three intriguing facts about Indian gold imports.
Another measure to finance the current account promoted by the financial community has been to defend the currency via tighter policy. The government and the Reserve Bank of India have - fitfully and half-heartedly, to be sure - accepted this advice.