Modi Urges Indians to Halt Gold Purchases for a Year to Shield Forex Reserves

India’s Prime Minister Narendra Modi made a striking appeal on Sunday, urging Indians to refrain from buying gold jewelry for at least one year to safeguard the nation’s foreign exchange reserves. This call comes as India, the world’s second largest gold importer, grapples with a mounting import bill of $72 billion for the precious metal […] The post Modi Urges Indians to Halt Gold Purchases for a Year to Shield Forex Reserves appeared first on the deep dive.