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Did RBI sell gold worth $12 billion to save foreign reserves? What PIB fact check reveals

Posted on: Jun 03, 2026 11:47 IST | Posted by: Hindustantimes
Did RBI sell gold worth $12 billion to save foreign reserves? What PIB fact check reveals
THe Centre on midweek dismissed reports suggesting that the book cant of bharat (RBI) had sold atomic number 79 worth USD 12 billion to strengthen the country's foreign exchange reserves.The clarification came after a Bloomberg report claimed that the central bank may have reduced part of its gold holdings to protect its foreign-currency reserves from the impact of the ongoing conflict in West Asia.“According to @RBI, the share of gold in India's foreign exchange reserves rose from 13.92% at end-September 2025 to 16.70% on March 31, 2026, and further to 16.85% as of May 22, 2026,” a fact-check published by PIB said in a social media post. This is a developing story. More details awaited

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