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Asset Managers Curb Inflows Into Gold ETFs on Weak India Rupee
Source: Bloomberg
Commodities & Raw MaterialsCurrency & FXEmerging MarketsRegulation & Legislation
Indian asset managers are restricting fresh investments in gold products ahead of the key festive season, when demand is typically strong. The move adds to efforts to curb precious-metal demand as the local currency undergoes a historic slide; the article gives no figures on the restrictions or currency decline.
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