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Millennium Post

‘Sovereign bonds to help address import issues’

The Centre's gold sovereign bond scheme is expected to address pure investment demand for the yellow metal, says India Ratings and Research (Ind-Ra). To reduce huge imports of the precious metal, Finance Minister Arun Jaitley unveiled plans in February for a sovereign gold bond and a bullion deposit scheme.

Based on the recent draft guidelines, the Centre is looking out for ways to address the demand in <g data-gr-id="15">domestic</g> market by introducing gold bonds. Gold sovereign bonds may triumph over other comparable products in the market.
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