Sunday, 1 September 2013

RBI plans to request Tirupati, Shirdi shrines to sell their gold pile to rescue Rupee fall.


RBI plans to request Tirupati, Shirdi shrines to sell their gold pile to rescue Rupee fall.

Conress now plan to knock the doors of temples from Tirupati to Shirdi seeking a boon to feed Indians fetish for gold without importing it.

The Reserve Bank of India, which has been making gold imports more difficult through a series of restrictions, is discussing with banks on how to convince temple trusts to deposit their hoard of idle jewellery that could be converted into bullion, said two bankers familiar with the matter . Congress goes to tirupati temple and try to convence them for gold  pile.

The Tirupati temple in Andhra Pradesh, Shirdi Sai Baba temple in Maharashtra, Siddhivinayak at Mumbai and Padmanabhaswamy temple in Thiruvananthapuram are among the richest in India with huge reserves of gold and precious metals.

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