IMF sells 10 tonnes of gold to Sri Lanka, Rumours that India wants whats left
26.11.2009 02:59 in money
http://uk.news.yahoo.com/18/20091125/tbs-imf-sells-10-tonnes-of-gold-to-sri-l-5268574.html
The International Monetary Fund said Wednesday it had sold 10 tonnes of gold to
Sri Lanka's central bank for 375 million dollars, as part of a restructuring of
IMF financial resources.
http://www.businessworld.in/bw/2009_11_25_Gold_Shines_On_Falling_Dollar_Buying_Rumours.html
The market gained further on Wednesday after Indian newspaper the Financial
Chronicle said the Reserve Bank of India (RBI) could buy the IMF's remaining
volume of gold, now the subject of negotiations.
The newspaper quoted an Indian government official as saying: "(The) 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."
India's central bank governor, Duvvuri Subbarao, declined to comment on whether
the bank would buy more gold from overseas, however.
"That India report has certainly helped to push the momentum in the market
today," said Darren Heathcote, head of trading at Investec Australia.
