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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 reserves. The clarification came after a Bloomberg report suggested that the RBI may have reduced part of its gold holdings to shield foreign-currency reserves from the impact of the ongoing conflict in West Asia. In an official statement issued on June 3, the RBI categorically rejected the reports, stating that its physical gold holdings remain unchanged at 880.52 tonnes.
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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…
