26.02.2010 - Will India buy IMF gold again?
From Commodityonline.com: Will India do it again? That is the question being asked by investors and bullion market analysts now. After India’s surprise buying of 200 tonnes of IMF gold in November last year, now several news agency reports said that India is another potential candidate to buy more gold from the International Monetary Fund when it begins selling 191.3 tonnes of the precious metal. The uncertain outlook for two of the world’s major reserve currencies — the dollar and euro — provides a spur for central banks, including the Reserve Bank of India, to buy gold........................................Full Article: Source
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