RBI clarifies on gold holdings; Physical stock of gold remains unchanged at 880.52 tonnes as on date
New Delhi, June 3 -- The Reserve Bank of India clarified that its physical stock of gold remains unchanged at 880.52 tonnes as on date, refuting recent media reports that claimed the central bank sold a portion of its reserves. The clarification comes in response to speculation regarding the management of the country's foreign exchange assets.
RBI official statement noted "The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI's sale of gold," The central bank further stated, "The RBI emphasizes that these reports are not correct."
According to the central bank, the actual volume of its gold holdings is regularly updated and made accessible to the public through its standardized publication ch...
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