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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 remains unchanged at 880.52 tonnes. These reports are inaccurate, according to the central bank. The RBI's stance clarifies its position on its gold holdings.
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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…
