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India’s Currency Crisis & Gold Greed

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Overnight the Fed Chief indicated that there could be a withdrawal of QE by next year, which sent jitters across equities and currencies across the globe. Bloomberg TV India tries to unravel why the government is not taking harsher steps to clam down on the greed for gold which is causing havoc to the economy and balance of payments. Also, in a special investigation, it is found that rules laid down for transaction in gold are being flouted across the board.