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RBI Makes The Highest Gold Purchases In The First Half Of 2021: Here's Why

RBI, the central bank of India keeps a substantial amount of gold reserves as a hedge. Recently a report released confirms that the RBI bought the highest amount of gold on a half-yearly basis this year. The central bank's gold reserves, ...

Foreign Exchange Hits Lifetime High Of $424.361 Billion On FCA Increase

Foreign exchange of India has scaled to a new lifetime high of $424.361 billion as on March 30 as per the RBI data released on Friday. In comparison to the earlier week, the increase in foreign exchange was by $1.828 billion. ...

Forex Reserves Climbs To USD 400 Billion Again

On the back of surge in the foreign currency assets, forex reserves of India climbed again to the US$ 400 billion mark. In the week to November 24, the reserves increased by USD 1.208 billion. As per the RBI data ...