URL copied to clipboard

Trending News

RBI on Dhanteras: Apex Bank Repatriates 102 Tonnes of Gold from UK to Strengthen Domestic Reserves; Check Details

RBI on Dhanteras: The Reserve Bank of India has relocated 102 tonnes of gold from the Bank of England to India, enhancing its strategy to safeguard national assets amid geopolitical uncertainties.
RBI on Dhanteras: Apex Bank Repatriates 102 Tonnes of Gold from UK to Strengthen Domestic Reserves; Check Details

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.

Alice Blue Image

Also  Read: Indian Rupee Holds Steady at Rs 84.062 Amid RBI Intervention and Foreign Fund Outflows; Find More Inside

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.

Also Read: Q2 Results Today: Over 80 Major Companies Set to Reveal Their Results Today! Check Out the List!

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.

Alice Blue Image

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.

Loading
Read More News
Swiggy IPO 6 नवंबर को $11.3 बिलियन के घटे मूल्यांकन और GMP में 30% गिरावट के साथ लॉन्च होगा; विवरण अंदर देखें।

Swiggy IPO 6 नवंबर को $11.3 बिलियन के घटे मूल्यांकन और GMP में 30% गिरावट के साथ लॉन्च होगा; विवरण अंदर देखें।

Swiggy IPO 6 नवंबर को लॉन्च होगा, जिसमें बोली 8 नवंबर तक जारी रहेगी। कंपनी का मूल्यांकन घटकर $11.3 बिलियन