RBI on Dhanteras: The Reserve Bank of India (RBI) has successfully relocated 102 tonnes of gold from the Bank of England to secure facilities in India. This significant transfer underscores the central bank’s strategy to keep its valuable assets closer to home amid rising geopolitical uncertainties.
Since September 2022, the RBI has repatriated a total of 214 tonnes of gold, reflecting its increasing preference for retaining wealth within Indian borders. This move is part of a broader trend to ensure that critical national assets are safeguarded domestically.
With this latest relocation, the RBI now holds 510.5 tonnes of gold in India, out of a total reserve of 855 tonnes. This substantial amount signifies a shift toward enhancing national security and asset management.
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The decision to bring gold back to India is not only a financial strategy but also a response to the evolving global landscape. By managing its assets internally, the RBI aims to mitigate potential risks associated with geopolitical tensions.
Overall, the RBI’s actions illustrate a proactive approach to securing India’s wealth and ensuring that the country can manage its resources effectively in an increasingly uncertain world.
