The RBI needn’t have helped an asset bubble by buying gold from IMF
In the first week of November this year, the Reserve Bank of India (RBI) surprised almost everyone in the world by announcing that it had purchased 200 tonnes of gold bullion, valued at about $6.7 billion, from the International Monetary Fund (IMF).
(This story appears in the 18 December, 2009 issue of Forbes India. To visit our Archives, click here.)