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Government denies new report stating RBI may have sold $12 billion gold to rescue rupee

Reports claiming the Reserve Bank of India sold gold to support the rupee have been denied by the Indian government. Official data shows India's gold reserves have actually increased. The Reserve Bank of India's share of gold in its foreign exchange reserves rose significantly between September 2025 and May 2026. This contradicts claims of gold sales to manage currency decline.

Raccontata dathehindubusinessline.comtimesofindia.indiatimes.comnewsbytesapp.comeconomictimes.indiatimes.comhindustantimes.comscroll.ingulfnews.comthehindu.comcryptobriefing.com

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6 prospettive sulla stessa storia
AI · summaries
economictimes.indiatimes.comStai leggendo2 g fa

Government denies new report stating RBI may have sold $12 billion gold to rescue rupee

Reports claiming the Reserve Bank of India sold gold to support the rupee have been denied by the Indian government. Official data shows India's gold reserves have actually increased. The Reserve Bank of India's share…

originale
gulfnews.com1 g fa

Did India really sell $12 billion worth of gold to save the rupee from crashing?

India denies selling $12bn in gold to save the rupee, citing RBI data showing rising bullion reserves and a higher share of gold in forex holdings.

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scroll.in1 g fa

Centre denies report that RBI may have sold gold worth $12 billion to support forex reserves

Bloomberg reported RBI possibly sold ~$12B gold in May to protect forex reserves as Indian rupee weakened to 95.7 vs USD (from 91); government denied claim. For tech leaders with emerging-market exposure, this signals geopolitical currency volatility and strategic reserve shifts reshaping global supply-chain risk assessment.

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cryptobriefing.com1 g fa

Reserve Bank of India denies media report of $12B gold sale

The Reserve Bank of India denies selling $12 billion in gold reserves, maintaining its holdings stable, dispelling rumors amid rupee's all-time low.

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thehindubusinessline.com2 g fa

RBI may have sold gold to save foreign reserves, BE report shows

RBI sold $12B in gold to protect forex amid Middle East war, buying $7.5B in foreign currency. The shift toward liquid reserves signals rupee stress—raising costs for India's tech sector as outsourcing and cloud infrastructure become more expensive.

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timesofindia.indiatimes.com1 g fa

RBI debunks report claiming it sold $12 billion worth of gold to protect forex reserves

RBI denied Bloomberg report of $12B gold sales; gold reserves unchanged at 880.52 tonnes. Geopolitical stress on forex reserves in Middle East conflicts accelerates reshoring gold from Western custodians: decision factor for IT investment strategy in India.

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Timeline cronologica

  1. martedì 2 giugno 2026·thehindubusinessline.com

    RBI may have sold gold to save foreign reserves, BE report shows

    RBI likely sold $12 billion in gold reserves to protect foreign assets amidst rising pressures from oil prices and capital outflows.

  2. martedì 2 giugno 2026·timesofindia.indiatimes.com

    US-Iran war impact: RBI likely sold $12 billion gold reserves to shield foreign currency assets, says report

    Amid the ongoing US-Iran conflict, the Reserve Bank of India may have sold some of its gold holdings to protect foreign exchange reserves from the economic fallout of the Middle…

  3. mercoledì 3 giugno 2026·newsbytesapp.com

    Did RBI sell gold to protect India's forex reserves?

    India's central bank may have sold part of its gold holdings to protect foreign-currency reserves, as suggested by Bloomberg Economics' analysis of publicly available data.

  4. mercoledì 3 giugno 2026·thehindubusinessline.com

    Finance ministry denies reports of RBI selling $12 billion gold reserves

    Finance ministry denies RBI sold $12 billion gold. Official data shows gold holdings rose in FY26 as India forex reserves remain strong at $691 billion.

  5. mercoledì 3 giugno 2026·economictimes.indiatimes.com

    Government denies new report stating RBI may have sold $12 billion gold to rescue rupee

    Reports claiming the Reserve Bank of India sold gold to support the rupee have been denied by the Indian government. Official data shows India's gold reserves have actually…

  6. mercoledì 3 giugno 2026·hindustantimes.com

    Did RBI sell gold worth $12 billion to save foreign reserves? What PIB fact check reveals

    The clarification came after a report claimed that the central bank may have reduced part of its gold holdings to protect its foreign-currency reserves. | India News

  7. mercoledì 3 giugno 2026·economictimes.indiatimes.com

    RBI denies report of $12 billion gold sale, says holdings unchanged

    The Reserve Bank of India has refuted claims of selling gold reserves. Reports suggested a sale of approximately $12 billion in gold. The RBI stated its physical gold stock…

  8. mercoledì 3 giugno 2026·thehindubusinessline.com

    RBI denies $12 billion gold sale rumours, confirms stable gold reserves

    RBI denies reports of $12 billion gold sale, confirms gold holdings unchanged at 880.52 tonnes. PIB fact-check supports stable India forex reserves.

  9. mercoledì 3 giugno 2026·scroll.in

    Centre denies report that RBI may have sold gold worth $12 billion to support forex reserves

    The government said that the claim by ‘Bloomberg’ was false and cited central bank data showing that the share of gold in India’s reserves had risen.

  10. mercoledì 3 giugno 2026·timesofindia.indiatimes.com

    RBI debunks report claiming it sold $12 billion worth of gold to protect forex reserves

    स्वर्ण धारिता संबंधी स्पष्टीकरणClarification on gold holdingshttps://t.co/JrCUhWWEHo

  11. mercoledì 3 giugno 2026·economictimes.indiatimes.com

    Anxious with news of RBI selling gold? Here's the fact and what should you do - The Economic Times

    India's gold reserve: Reports of the Reserve Bank of India selling gold have been debunked by the central bank and the PIB Fact Check team. The RBI confirmed its physical gold…

  12. mercoledì 3 giugno 2026·gulfnews.com

    Did India really sell $12 billion worth of gold to save the rupee from crashing?

    India denies selling $12bn in gold to save the rupee, citing RBI data showing rising bullion reserves and a higher share of gold in forex holdings.

  13. mercoledì 3 giugno 2026·thehindu.com

    RBI dismisses gold sale rumours; physical reserves stand steady at 880.52 tonnes

    RBI confirms steady gold reserves at 880.52 tonnes, dismissing rumors of a $12 billion gold sale amid regional conflicts.

  14. mercoledì 3 giugno 2026·hindustantimes.com

    Did RBI sell gold worth $12000000000 amid Iran War pressure on oil markets, economies? Govt says…

    The Central government has dismissed reports claiming that the Reserve Bank of India (RBI) sold gold worth 12 billion dollars to strengthen the country's foreign exchange…

  15. mercoledì 3 giugno 2026·cryptobriefing.com

    Reserve Bank of India denies media report of $12B gold sale

    The Reserve Bank of India denies selling $12 billion in gold reserves, maintaining its holdings stable, dispelling rumors amid rupee's all-time low.

  16. mercoledì 3 giugno 2026·cryptobriefing.com

    Reserve Bank of India denies media report of $12B gold sale, calls claims baseless

    The Reserve Bank of India denied selling $12 billion in gold reserves, confirming holdings at 880.52 tonnes and calling Bloomberg's analysis baseless.