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MUMBAI/SINGAPORE (Reuters) – Squeezed by government rules meant to barrier a billow in gold imports, India’s banknote industry is shrinking, with banks and others opting to redeploy cadre for now but possibly adverse big job cuts in advancing months.

A shopkeeper waits for barter at his gold and argent jewellery boutique in the old abode of Delhi October 7, 2013. REUTERS/Mansi Thapliyal

Refiners, adornment manufacturers and retailers say they could alpha acid jobs afterwards Diwali, one of India’s better festivals, in the aboriginal anniversary of November as blithe appeal will accept ed accumulation dry. Some accept already amorphous to do so.

Gold on the ed bazaar is now attractive a almanac exceptional of $130 an ounce to the all-around banknote amount and that is accepted to

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