 "High inflation prompting more gold buys, says RBI governor")
The government has announced measures to discourage people from buying gold and prodding them to invest in financial instruments. Deposits were up 11.2 per cent in the first 10 months of 2012-13, compared with 11.5 per cent in the same period a year ago.
Subbarao was speaking at the convocation ceremony of a banking and finance institute here.
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