Gold Plunge Buoys India Fight to Curb Deficit Crimping Rate Cuts

Gold Plunge Buoys India Fight to Curb Deficit Crimping Rate Cuts

Gabriela Marj/Bloomberg

Tourists visiting from India shop for jewelry at a store in the gold souk in Dubai. India's current-account imbalance was 6.7 percent of gross domestic product in October-to-December, the widest in Reserve Bank of India data starting 1949.