Smoke and mirrors.
Hear hear! The BSE has been OVERSTATING FII inflows by over 20%! They were using a 'static' exchange rate of Rs. 50 per dollar, and did not change it since then. A small oversight, eh?`So we have been fed with incorrect data all this long? SEBI where art thou?
China has purchased over 400 tons of gold. Did you hear that in the Indian media? 400 TONNES OF GOLD? Why are they going against the recommendations of major financial institutions? Are they right or are the FIs right? But the FIs have lied time and again to the people at large. It is time to buy Gold.
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