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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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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…
