Dhanteras special: RBI brings home 102 tonnes of gold from UK; here's why

Quick Summary:

According to the RBI's latest report on foreign exchange reserves, as of the end of September, the central bank holds 855 tonnes of gold, with 510.

The shift to domestic storage follows a significant move in May, when approximately 100 tonnes were transferred from the UK.

Around 20 tonnes are additionally managed through gold deposit schemes.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Gold repatriation Bank of England Gold custody Dhanteras Gold reserves Gold transfer Foreign exchange reserves Geopolitical tensions RBI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 18:42:15 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23338887

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