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Bonds May Stabilize On RBI Assurances: AV Rajwade

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September 27: Forex and Treasury Management Consultant A.V. Rajwade points to RBI Governor Raghuram Rajan claiming that the central bank is comfortable with its forex reserves, and questions the need for recent FCNR B-deposits and currency swap facilities. While government sources say gold imports have fallen, the World Gold Council reports a 70% jump in India’s gold imports in the April-June period, he says. Highlighting this discrepancy in data, he wonders if gold is being smuggled into India.