09.12.2009 - Indian reserves ‘unaffected’ after gold purchase, Minister says
From Bloomberg: India’s foreign-exchange reserves remained little changed after the South Asian nation bought gold from the International Monetary Fund, a minister told lawmakers in New Delhi today. The Reserve Bank of India said on Nov. 3 that it bought 200 metric tons of gold for about $6.7 billion, representing about 6.1 percent of the nation’s total reserves, Namo Narain Meena, junior finance minister said in a written reply to a question in parliament in New Delhi today...................................Full Article: Source
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