`Govt may use its gold reserves to reduce CAD`

With the current account deficit (CAD) widened to a record high of USD 88 bn or 4.8 percent of the GDP for the fiscal ended March 31, Union Minister Anand Sharma on Tuesday hinted that the government may use a portion of the country`s gold reserves to reduce the widening current deficit.

Aug 27, 2013, 18:04 PM IST