Date:06/11/2009 URL: http://www.thehindubusinessline.com/2009/11/06/stories/2009110650550801.htm

Back RBI’s gold purchase

This refers to the report “RBI buys 200 tonnes of gold from IMF” (Business Line, November 4). This move by the monetary authority of India is laudable. Gold is perhaps today the only commodity whose value is not liable to be destroyed by inflation, unlike currency notes and coins.

Also, the yellow metal, which can help get us more foreign currency at times of need and for economic growth, is an invaluable asset for the country.

S. Ramakrishnasayee, Ranipet