RBI BUYS 15 TONES OF SAFE-HAVEN TO PROTECT ITS FALLING CURRENCY

The Reserve Bank of India has purchased 0.48 million troy ounces, approximately 15 tones, of gold in October-November. The step was taken by the central bank to save its falling currency. This can be marked as the highest bi-monthly gold purchase by the central bank since RBI started buying gold in December 2017.

As updated by the latest data, India’s central bank has bought 2.45 million troy ounces worth gold between a period ....