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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.
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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.
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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…
