Only if you're American. If you're British, it's correct as it is.
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http://news.bbc.co.uk/2/hi/south_asia/7116290.stm
<-- All but one has comma inside. Inexplicable, that one.
From the article:
... the commander of this "great force".
Despite his having preached "enlightened moderation", President Musharraf ...
How I understand it is this: in British English you don't place punctuation in situations where the quotes serve to offset and not so much to quote a source. (Do you understand what I mean? When the quote is a letter, number or just a word or two.) To be honest, I always thought that of American English as well, but I guess I'm wrong.