RBI Refutes Claims of $12 Billion Gold Sale to Support Rupee
2026-06-04 11:38:50
The Reserve Bank of India (RBI) has dismissed a report by Bloomberg Economics suggesting that India sold $12 billion in gold reserves to bolster the rupee. According to NS3.AI, the RBI clarified that its physical gold holdings remain steady at 880.52 tonnes. Additionally, the Press Information Bureau (PIB) confirmed that India has not sold gold to support the rupee against the US dollar.
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