Trade Minister Anand Sharma said the Reserve Bank of India (RBI) should look into suggestions that it monetise its gold reserves to reduce imports and dollar outflows that have hammered the rupee, but emphasised it was for the bank to decide.

India has 557.7 tonne of gold in its reserves, making it the eleventh biggest holder, according to the World Gold Council. Indian consumer's appetite for gold has been a drag on the rupee, the worst performing major currency since May. Read More

Jyothi Shankaran

    Jyothi’s last role was as Senior Editor with the business news channel Bloomberg TV India. He also worked as News Editor at business-standard.com, the online version of the business newspaper Business Standard. Jyothi is a chemical engineer from the Regional Engineering College, Srinagar.