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New Delhi: The Reserve Bank of India has accelerated the repatriation of its gold reserves, bringing back over 274 tonnes since March 2023, NDTV reported. Around two-thirds of India's 880.8 tonnes of gold is now held domestically, driven by geopolitical risks and the need for greater liquidity and control, the report said. In parallel, France's central bank, Banque de France, has completed the repatriation of its gold reserves from the Federal Reserve Bank of New York within a year, bringing b ...Read More >
New Delhi, March 31: India's foreign‑exchange reserves of over $700 billion are large enough to deter speculative moves and allow the Reserve Bank of India to intervene to stabilise the rupee, a report said on Tuesday. The report from SBI Research said current reserve levels are equivalent to more than 10 months of imports and that short‑term debt is below 20 per cent of reserves, providing room and time to intervene in the market to prop up the rupee if it is so desirable. The research firm ...Read More >
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