| From Globeinvestor.com: India's central bank, the Reserve Bank of India (RBI), which has increased its gold holdings to diversify its reserves, looks set to be a buyer again when the International Monetary Fund begins selling 191.3 tonnes of the precious metal amid volatility in major currencies.
The uncertain outlook for two of the world's major reserve currencies – the U.S. dollar and euro – provides a spur for central banks, including India's, to buy gold. India's gold holdings lag those of major economies despite a big purchase in October.........................................Full Article: Source
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