India might buy gold from citizens to ease rupee crisis

``With 31,000 tonnes of commercially available gold in the country - worth $1.4 trillion at current prices - diverting even a fraction of that to refiners would sate domestic demand for the metal. India imported 860 tonnes of gold in 2012.'' -- Finally, a good, productive idea! This is a total about-face from (at least, the impression of) the RBI's previous statements that sounded like leasing.