New Delhi, Nov 3 The government today said the RBI's
move to buy 200 tonnes of gold from multilateral lending
agency IMF provided a healing touch to the nation's pride that
was dented about two decades back when the country sold its
gold for a few hundred million dollars.
Finance Minister Pranab Mukherjee said one should not read
much into the RBI's purchase of gold from the International
Monetary Fund, but added it is significant as it reminds of
the days when India's sentiments were outraged.
"It has much more significance because for many of you it
is not the remote past,... how the sentiments of the country
felt outraged when we had to pledge gold to Bank of England
just for borrowing few hundred million dollars to maintain our
essential import requirement," he said at the Economic
Editors' Conference here. - (Agencies)
Nov 03, 2009
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