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RBI mayâ??ve sold US T-bills to buy gold
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Economictimes
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November 06, 2009
MUMBAI: The Reserve Bank of India (RBI) may have sold US Treasuries to fund its gold purchase from the International Monetary Fund. Last week, RBI purchased 200 tonnes of IMF gold for $6.7 billion, increasing the share of gold in its reserves by 250 basis points. â??This purchase suggests that the I...
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