Arvind Mayaram meets top officials on steps to arrest Indian rupee fall

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The RBI and the government have also taken steps to curb imports of gold. The RBI and the government have also taken steps to curb imports of gold.
SummaryThe RBI and the government have also taken steps to curb imports of gold.

government have also taken steps to curb imports of gold.

The current account deficit, which occurs when the total imports of goods, services and transfers exceed exports, had hit a record high of 4.8 per cent of GDP in fiscal 2012-13 as rising purchases of oil and gold from overseas widened the trade gap.

A widening CAD also weighs heavily on the local currency.

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