April-June 2013 to 0.7 per cent from 10.3 per cent during the corresponding period last year.
Government sources said the likely hike in gold and silver import duties could lead to increase in smuggling but it has enough tools to tackle the problem.
On liberalising non-resident external and foreign currency non-resident deposit schemes, Chidambaram said incremental flows into these schemes would be exempt from CRR and SLR requirements.
In the FCNR accounts, interest on deposits with a maturity of three years or more has been deregulated. "So all together in liberalising FCNR, NRE deposit schemes we expect to get a billion dollars", he said.