NIFTY  8,917.80  0.11%
  SENSEX  28,823.90  0.22%
 CURRENCY  Rs  66.93/$ 70.86/€, 83.36/£
  GOLD  29,292.00  -0.04%
  SILVER  42,835.00  -0.15%
  DAX  11,967.50  1.18%
  FTSE  7,274.83  -0.34%
  CAC  4,888.76  0.41%
  HANG SENG  23,963.60  -0.76%
  NIKKEI  19,381.40  0.68%
  Shanghai Composite  3,253.33  0.23%
  DOW JONES  20,743.00  0.58%
  NASDAQ  5,865.95  0.47%
  S&P 500  2,365.38  0.60%
RUPEE OPENS - Rupee Opens At 66.95/$ Vs 66.92/$ On Monday IDBI BANK MD & CEO - Urging Govt To Relax Resolution Mechanism

Gitanjali Gems’ Financing Worries Soar After RBI Restricts Gold Credit

Video:

Play this video

Gitanjali Gems has been hit hard by the Reserve Bank of India's recent stipulation that gold can only be imported on a 100% cash basis and not on credit. The company, which is already burdened by over Rs.5,000 crores of debt, has had their crucial line of credit cut off because of this norm.