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Friday, August 7, 2020

You can borrow more against gold jewellery

In a bid to increase liquidity in the hands of individuals, the RBI on Thursday said it will increase lending limits for gold for non-agricultural purposes. So, you can now borrow against your household gold for a maximum 90% of its value — up from the earlier 75%. This will be in force till March 2021.

from Times of India https://ift.tt/3kodsfk

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