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Re: Eco Topics for GD/PI Prep By prof_calculus -
04-11-2009, 06:22 PM
Yesterday I was complating about the 200 MT gold purchase by India.
With a lot of expected inflow of foreign investment in India, Dollar is all set to come down vis a vis India rupee. At the same time, the Forex reserve is also expected to rise.
It makes sense to convert some of currency asset (in US$) into gold, which is the real universal curency.
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