Titan Industries slumps after govt curbs gold imports

MUMBAI (Reuters) - Titan Industries Ltd shares slump as much as 13.9 percent after the Reserve Bank of India banned imports of gold coins and medallions and required domestic buyers to pay cash for the yellow metal, among other measures.

Analysts said this would increase interest costs and hurt margins for players like Titan.

(Reporting by Abhishek Vishnoi; Editing by Prateek Chatterjee)