Decline in gold imports helped in narrowing the CAD to U$10.82 bn

Gold imports fell by almost 37 per cent to US $1.96 billion in June, a development which will help in keeping the current account deficit (CAD) in check. Imports of the precious metal stood at US $3.12 billion in the same month of 2014. In May this year, the imports were worth $2.42 billion.
Read more