How RBI’s gold buying is helping shore up India’s foreign exchange reserves

Quick Summary:

The Reserve Bank of India has substantially increased its gold reserves, offsetting foreign investment outflows.

This aligns with a global trend of central banks accumulating gold amidst geopolitical uncertainty.

The RBI's gold purchases have contributed to a rise in overall foreign exchange reserves and are expected to continue.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaIvory CoastLithuaniaUkraine

Topics: Rbi gold reserves Business news India gold reserves Central banks gold reserves Gold price prediction 2025 Foreign exchange reserves RBI gold purchases

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 17:51:58 (2 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 896 words

Reading Time: 5 minutes read

Sentences: 34 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23821314

View Article Analysis

About Times of India

Main Topics: EconomyBusiness

Official Website: timesofindia.indiatimes.com

Update Frequency: 13 posts per day

Year Established: 1838

Headquarters: India

News Last Updated: 29 minutes ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #28

Publisher Details

Frequently Asked Questions