NEW DELHI, April 11 Gold and silver imports into
India, the world's second-biggest buyer of the metal, dropped 40
percent to $33.46 billion in 2013/14, a trade ministry source
said on Friday, following a series of restrictions imposed by
the federal government to curtail the current account deficit.
However, the fall in gold and silver imports narrowed in
March, registering a fall of 17.27 percent from a year earlier
to $2.76 billion, the source, who did not want to be named, told
Last month, the Indian central bank allowed five more
private banks to import the yellow metal, in what many saw it as
a first significant step in easing of tough rules on imports.
(Reporting by Malini Menon; Writing by Siddesh Mayenkar;
Editing by Anand Basu)