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No proposal to convert idle gold into bullion: RBI clarifies

The Reserve Bank of India said on Saturday it was not considering converting India's idle gold into bullion

September 02, 2013 9:10 IST | India Infoline News Service
There have been some news stories in the media in the last couple of days about the Reserve Bank of India discussing/considering various options of converting idle gold, including that available with temple trusts, into bullion, the RBI said in a press release on Saturday.

The Reserve Bank clarifies that no such proposal is under its consideration at this juncture, it added.

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