Titan plunges 13% on RBI's gold guidelines

New Delhi, June 12: Shares in jewellery maker Titan fell as much as 13 per cent on Wednesday on Reserve Bank clarification that all imports of gold for domestic consumption can be made only with
titan plunges 13 on rbi s gold guidelines - India...
India TV Business Desk June 12, 2013 10:10 IST
New Delhi, June 12: Shares in jewellery maker Titan fell as much as 13 per cent on Wednesday on Reserve Bank clarification that all imports of gold for domestic consumption can be made only with 100 percent cash margin.



The company said said credit of any kind from suppliers or bullion banks for importing gold for domestic use is prohibited.
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