Gold imports to resume immediately.

NEW DELHI: India's gold imports will resume immediately after a two-month gap as the government and banks sorted out how new rules on overseas purchases should work at a high-level meeting on Friday, a trade ministry source told reporters.

Monthly shipments by the world's top importer are however unlikely to be even a quarter of May's record volumes and annual imports will be sharply down, helping India cut a bulging current account deficit and support the weak rupee.

Source : timesofindia.indiatimes.com