India scraps 80/20 import rule via ForexLive

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Reuters report tv channels citing government sources.

Gold falls $12 from 1188, go figure.

Bloomberg have more saying that an unnamed official told reporters in New Delhi and there will be an official RBI notification today.

The news was out around 15 mins ago which would have accounted for the 6 buck jump to the 1188 highs. Metals in general are selling off with both silver and copper down also.

posted via ForexLive

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