The Reserve Bank of India (RBI) has significantly increased its gold reserves, a move aimed at diversifying its foreign exchange holdings and mitigating risks associated with currency fluctuations. This strategic accumulation aligns with a broader trend among central banks globally, reinforcing
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The Reserve Bank of India (RBI) has significantly increased its gold reserves in 2024, adding 72.6 tonnes over the year. This expansion brings India’s total gold holdings to 876.18 tonnes, with a valuation of approximately $66.2 billion. The increase marks the highest annual addition since 2021 and reflects the central bank’s strategy to strengthen its […]
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The Reserve Bank of India (RBI) significantly increased its gold reserves by adding 27 tonnes of gold in October 2024, according to the World Gold Council (WGC). This marks a substantial boost to India’s bullion holdings, reflecting the central bank’s continued strategy to diversify its foreign exchange reserves amidst global economic uncertainties.