India’s record gold import said to be due to calculation error
[News India Times] - 12/18/2024
A surge in gold imports that widened India’s trade deficit to a record last month and pushed the rupee to an all-time low was due to an error in calculation, according to people with knowledge of the matter. Officials double-counted gold shipments in warehouses following a change in methodology (…)
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An excerpt from ‘The Art of Physics: Eight Elegant Ideas to Make Sense of Almost Everything’, by Zahaan Bharmal.
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