The Reserve Bank of India (RBI) is making significant strides in diversifying its foreign exchange reserves by purchasing 50 tonnes of gold in fiscal 2025, aiming to shield the Indian Rupee from US Dollar volatility amid a $47 billion decline in reserves. With gold now comprising over 10% of its total reserves, this strategy underscores the RBI’s commitment to ensuring financial stability during turbulent market conditions. Source and details of the news
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