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India's central bank builds gold reserves for 'reserve deployment'
From the Press Trust of India
via Business Standard, New Delhi
Friday, April 5, 2024
Reserve Bank Governor Shaktikanta Das said today India has been building up gold reserves as part of its forex deployment.
"We are building up gold reserves. That is a part of our reserve deployment," Das told reporters at the customary post-policy review press conference here.
... Dispatch continues below ...
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Company Announcement
Friday, April 5, 2024
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He did not give any specifics on the quantum of gold buys, but pointed to the official data, which shows an increase in the value of gold reserves.
As per official data, the value of gold in the forex reserves stood at USD 51.487 billion as of March 22, which is USD 6.287 billion higher than the value as at end-March 2023. ...
... For the remainder of the report:
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