Confident of gold import exemption from RBI: Titan
By Prashant R Nair | Published On: December 21, 2012 09:40 (IST) | Duration: 7 min, 58 sec
With the RBI capping lease period to 90 days for gold directly imported by companies or via MMTC, fears are that Titan's working capital position will deteriorate. Bhaskar Bhat of Titan Industries assures investors that they made made a representation to the RBI to allow them 180 days. He says the RBI is likely to oblige.