India in Serious Trouble (and Gold at the Heart of It)

India in Serious Trouble (and Gold at the Heart of It) Last week India’s trade minister, Anand Sharma, came out with a laughable suggestion: RBI should consider monetizing gold . India’s central bank should look into the possibility of monetizing gold holdings, trade minister Anand Sharma said on Thursday, in the latest proposal aimed at combating a yawning current account deficit that has hammered the rupee. It was not immediately clear whether Sharma was referring to the 557.7 tonnes of gold the Reserve Bank of India (RBI) holds in its own reserves, or gold in private hands

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India in Serious Trouble (and Gold at the Heart of It)