Insignia Consultants | Share of gold in India's forex reserves doubles in four years, central bank report shows
Share of gold in India's forex reserves doubles in four years, central bank report shows
3 weeks ago
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MUMBAI, May 5 (Reuters) - The share of gold held by India's central bank in its foreign exchange reserves has doubled in the last four years as on March-end, a report by the Reserve Bank of India showed on Monday.
In dollar value terms, the share of gold in the total foreign exchange reserves increased to about 11.70% by end-March, from 9.32% as at end-September 2024 and 5.87% as on end-March 2021, the central bank's half year forex reserves report said.
