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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.
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thedailystar.net
India's forex reserves fall to one-year low
India's foreign exchange reserves fell to $681.4 billion in the week ended May 22, from $688.89 billion a week earlier
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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.
