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Monday, November 25, 2024

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

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.

from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/nEUa59i
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