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Gold imports grew 10.47 percent to $2.42 billion in May

In May, gold imports grew 10.47 percent to USD 2.42 billion on the declining prices and easing of restrictions by RBI.

Where in 2014 in the same month, the imports of the precious metal stood at USD 2.19 billion.

In the month of April this year, imports grew 78.33 percent to USD 3.13 billion.

Any increase in gold imports influences the current account deficit.

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