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Blog Archive ? Investors Fleeing Bonds, Savings Spur Record Flows Into Gold: Ind

-- expats
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11/11/11 09:16
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Blog Archive ? Investors Fleeing Bonds, Savings Spur Record Flows Into Gold: Ind

Thank author of this post/comment10-Nov (Bloomberg) - Investors in India are withdrawing from government bonds and national-savings schemes to pour record amounts into gold. Funds that invest in sovereign debt shrank 4 percent from a month earlier to 30.2 billion rupees ($606 million) in September and those that buy gold rose 8 percent to an all-time high of 81.73 billion rupees, according to the Association of Mutual Funds in India that is also known as AMFI. Individual investors withdrew 78.7 billion rupees between April and.

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