``Nothing at all at the moment,'' Sinha told reporters when asked whether there was any proposal to regulate gold import policy due to its sudden rise in imports.

``Earlier when imports were low, there were complaints of high import duty. Now you go and ask them why the import is more,'' Sinha said replying to queries on the sidelines of a function to release the Small Industries Development Bank of India (Sidbi) report on the small-scale sector here.

Gold imports into the country have shot up by 230 per cent to 80 tonnes in June this year, from 24 tonnes in the corresponding period of the previous year.

It is estimated to have touched 187 tonnes during the first quarter of the current fiscal, a 32 per cent rise as compared to imports of 142 tonnes during April-June, 1998-99.

Asked to comment on the Congress manifesto which hasreportedly stated the party would bring down the interest by 3 to 5 percentage points, in the event of its coming to power, Sinha said ``I will comment when their manifesto is out.''

When asked whether there was justification to bring down the rate of interest in the wake of low levels of inflation, Sinha said, ``I will not comment on it as it is the domain of RBI.''

Sinha also refused to comment on the drop in the value of the Indian currency to Rs 43.56 a (US) dollar and merely said ``it is a question of demand and supply.''

``As far as foreign exchange management is concerned, the RBI is doing a good job,'' he told reporters.