Tag: RBI forex reserves

A man walks past a logo of the Reserve Bank of India and the Indian Rupee inside the RBI headquarters in Mumbai. By selling US Treasury holdings, RBI can then use the funding to purchase rupees to strengthen its value. (Reuters)
Posted in Business

India offloads US bonds, piles up gold in pivot away from dollar assets| Business News

The Reserve Bank of India’s holdings of US Treasury bonds have fallen to a five-year low as India pushes to support rupee versus the US…

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The gold's share in India's forex reserves has almost doubled over the past decade—from below 7% to nearly 15%. (Bloomberg)
Posted in Business

India gold reserves top $100 billion on surging bullion prices, forex down| Business News

India’s gold reserves crossed the $100 billion mark for the first time, according to the Reserve Bank of India’s latest forex reserves data, buoyed by…

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