The price of gold in India shot up 2.3 per cent in the past week.
FM feels it will help to bring down imports.
He also suggested reducing interest rates would help stimulate growth.
The 3-month, 6-month and 12-month USD-rupee forecasts are 55, 53 and 52 respectively.
A high import of the metal is putting pressure on current account deficit.
The overall inflation in March fell to 5.96 per cent.
Union Commerce and Industry Minister Anand Sharma takes on Narendra Modi, says: Gujrat cannot be sold as a model state as it has many flaws.
Established in 1986, Rail Coach Factory (RCF), a manufacturing unit of Indian Railways has manufactured around 16,000 passenger coaches of 51 different types including self propelled passenger vehicles which constitute over 35% of the total coaches in the Indian Railways.
The Fisc and savings-investment gap lie at the heart of policy responses.
The CAD, which is the difference between inflow and outflow of foreign currency, 'widened from 5.4 per cent in Q2 (July-September) to a record high of 6.7 per cent of GDP in Q3, driven mainly by large trade deficit' RBI said in its report on Balance of Payments.
Unsustainable CAD, sticky inflation & impact on pace of rate cuts all worries for FY14.
Out of 389 SEZs notified, 170 are operational, Export Promotion Council for export-oriented units and special economic zones (EPCES) said in a statement.
The Vijay Kelkar committee has cautioned that India's current account deficit (CAD) might rise to a record 4.3 per cent of gross domestic product (GDP) in 2012-13 if reforms to address this do not take place.
Not only is gold a hedge against currency depreciation, rising crude prices and uncertainty, it is up 7 per cent (in dollar terms) in the past 12 months, says Devangshu Datta.
Earlier, the RBI had imposed similar restrictions on commercial banks and NBFCs.
Positive for banking, infra, FMCG and real estate.
It will help to stop widening of Current Account Deficit.
The banks says that valuations are reasonable.
Sukanya Verma offers some amazing opening scenes in Hindi films that fuels an excitement for what happens next.
In August 2013, import duties on gold, silver and platinum were hiked to 10 per cent in order to curb the surging imports and also to check CAD.
The rupee had lost 10 paise to close at 54.62 on Monday.
Govt proposes to introduce redeemable gold bonds.
CAD touched a historic high of $88 billion in 2012-13.
Current account deficit occurs when a country's total imports of goods, services and transfers is greater than the country's total export of goods, services and transfers.
The rupee has been on northward-ho since July, after hitting a life-time low of 57.13 mid-June. Since the beginning of the year, the local currency has gained over 7 per cent, and still it is down 18 per cent from its pre-August 2011 highs.
The film stars Saif Ali Khan, Deepika Padukone and Diana Penty in lead roles and is written by Imtiaz Ali.
The film stars Saif Ali Khan, Deepika Padukone and Diana Penty in lead roles and is written by Imtiaz Ali.
Externally, the global economy is stabilising, with better growth is expected this year.
As of now, unlisted companies are not allowed to directly list in overseas markets without prior or simultaneous listing in Indian markets.
'Scenes of self-destruction are exhausting after a point. At nearly three hours, Kabir Singh's belligerence is too much to bear,' says Sukanya Verma.
The value of oil imports decreased by 37.5%.
Marriage season will end in the next two months and import growth is likely to taper off
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Attributing the high Current Account Deficit to mainly gold import, Chidambaram said the inward shipments of the precious metal resulted in outgo of $50 billion.
A survey by industry body Ficci has lowered the country's economic growth forecast for 2013-14 fiscal to 5 per cent, from 6 per cent projected in July, indicating tough times ahead.
On Tuesday, Economic Affairs Secretary Arvind Mayaram told reporters that economic growth this financial year would be over five per cent and the numbers in the second quarter would be better than the first quarter which yielded gross domestic product expansion of 4.4 per cent, a four-year low.
BofA-ML revised its end-2015 rupee-dollar forecast to 60 from 64 earlier.
Amid rupee sliding below 64 to a dollar, global agency Standard & Poor's on Tuesday said it will maintain negative outlook for the country as currency depreciation is adversely impacting investor confidence.
Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar, making imports costlier
The government on Friday modified FDI policy allowing unlisted companies to directly list on stock exchanges abroad to raise funds for acquisitions or retiring overseas debts, a move which may help India in containing high current account deficit.
Nomura has forecast the rupee at 61.6 against the dollar in Q1 and at 62 by Q4 of 2015.
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