Raiding a little more than half of the $95 billion foreign-currency and gold revaluation account would force the RBI to sell an identical proportion of the related assets, or $190 billion. That would trigger a “cataclysmic deflationary shock” for the economy.
Canadian miner Lundin is cutting 106 jobs at its Candelaria copper mine "improve competitiveness and productivity", amid reports that workers had begun a 48-hour strike.