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Jewellery demand could be hit: Religare Capital Markets

PUBLISHED ON: March 18, 2013 | Duration: 5 min, 33 sec

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Varun Lohchab of Religare Capital Markets says that jewellery demand could get impacted if gold lease rates are linked to base rates. The PMLA is a step to reduce the gold imports and this could lead to pressures on working capital, he added.
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