foreign exchange reserves

Gold reserves vs dollar assets: Why is RBI buying gold & reducing investments in US treasury securities – top points to know

R Amin03 mins mins

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,…

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Gold rush! Despite gold prices at record high, central banks add yellow metal to forex portfolio; but RBI isn’t buying as much as last year

R Amin03 mins mins

Data from the World Gold Council revealed that global central banks made net additions of 15 tonnes to their gold reserves in August. (AI image) Gold prices are hitting new lifetime highs every week, but the rally is not deterring central banks around the world from stacking up gold to diversify foreign exchange reserves away…

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