Share of gold in India's forex reserves doubles in four years, central bank report shows

By: Admin
3 hours ago
93

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.

https://www.reuters.com/world/india/share-gold-indias-forex-reserves-doubles-four-years-central-bank-report-shows-2025-05-06/