Business News
Gold reserves vs dollar assets: Why is RBI buying gold & reducing investments in US treasury securities – top points to know
The central bank has added 600 kilograms to its gold reserves this fiscal year. (Representative image) In a strategic shift, India is betting on gold rather than dollar-based assets for its foreign exchange reserves. The Reserve Bank of India (RBI) is showing a preference for gold over dollar-based investments, data suggests. As of October 10,…
Trump sanctions impact: Reliance, India’s biggest importer of Russian oil, buys millions of barrels of crude from Middle East, US
RIL, which has been the largest importer of Russian oil by volume in this year, has bought millions of barrels of crude from the US and Middle East . (AI image) In what is being seen as a direct impact of Donald Trump’s sanctions on two major Russian oil firms, Reliance Industries Ltd (RIL)…
‘India won’t sign any trade deal in a hurry’: Piyush Goyal’s clear message amid talks with US, EU; ‘will reject restrictive conditions’
India has shown openness to procure US energy and diversify its crude basket, but has been firm on its right to decide the source of crude oil buys. At a time when India is engaged with the US and European Union for trade talks, Commerce Minister Piyush Goyal has made it clear that no trade…
