November 24, 2009 - India is open to buying more gold from the International Monetary Fund (IMF). It bought 200 tonnes for $6.7 billion on November 3. The Reserve Bank of India (RBI) may well buy IMF’s remaining hoard of 201.3 tonnes on acceptable terms, which are now under negotiation. A government official said that the additional purchase would depend on the “successful pitching by RBI”. “RBI is an independent body, and the government does not interfere in its affairs. It will get the gold if its bid is successful and at the price it has offered,” said the official .. Full Article
Source:
http://www.mydigitalfc.com/plan/india-plans-buy-more-gold-imf-410
Source:
http://www.mydigitalfc.com/plan/india-plans-buy-more-gold-imf-410
RELATED:
