Published on Thu, Nov 26, 2009 at 12:49 | Source : Reuters
Updated at Thu, Nov 26, 2009 at 15:44
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RBI will take a call on buying gold: Finmin exec
Any decision on whether India would buy more gold from the International Monetary Fund (IMF) would be taken by the Reserve Bank of India (RBI), a finance ministry official said on Thursday.
Any decision on whether India would buy more gold from the International Monetary Fund (IMF) would be taken by the Reserve Bank of India (RBI), a finance ministry official said on Thursday.
"RBI is an independent body. Government allows it to take their own decision," Anup Pujari, joint secretary of multilateral institutions, told Reuters when asked if India planned to buy more gold.
"If they have to buy gold, they will have to bid for it," he said. He added the availability of gold in the international market had allowed the RBI to diversify its portfolio.
In early November, the IMF said it had sold 200 tonnes of gold to India.
Any decision on whether India would buy more 
