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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

India to lease out 200 tons of Gold?

Posted on 22 August 2013

Given the crunch situation in US Dollar, media reports suggest that India is considering a plan to lease out 200 tons of gold that it bought in 2009 from the IMF.
“Indian Finance Ministry officials have said that they are thinking of leasing out 200 tonnes of gold that the RBI had bought in 2009. This is set to lift the rupee psychologically, while also ensuring increase in gold supply in the market,” a Business Line report said. Gold will be leased in the international markets as per the report………………………………………..Full Article: Source


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