RBI’s foreign gold reserves hit 6-year low, domestic reserves touch 53%.

National

The Reserve Bank of India’s (RBI) domestic gold holdings increased to 53% in March 2024, in contrast to 39% in September 2021 while the yellow metals overseas holdings dropped to a six-year low of 47%. This comes on top of RBI transferring 100 tonnes of gold back to India from the Bank of England (BoE) last month.


      RBI data shows an increase in domestic gold holdings since March 2022, concurrent with the beginning of the Russia-Ukraine war.

      This decision is in line with central banks’ globally reacting with caution after the US froze Russia’s foreign currency assets in February 2022.

     

 

     


About RBI

Governer - Shaktikanta Das
HQ - New Delhi
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