For the week ended May 29, foreign currency assets, a major component of the reserves, increased $3.116 billion to $546.148 billion, the central bank's data showed ... .
The ReserveBank of India on Wednesday denied a Bloomberg News report that said the central bank likely sold gold reserves worth roughly $12 billion in the two weeks through May 22.
Gupta suggested that the pattern could indicate active gold sales by the central bank, potentially aimed at preserving more liquid foreign currency reserves at a time of heightened external pressures.
A big exploration push by Australia's biggest gold miner, Northern Star Resources, has grown the reserves at the Super Pit by 54 per cent in the past six years ... .
In a post on X, the PressInformationBureau (PIB) Fact Check unit rejected claims that the RBI had offloaded a significant portion of its gold reserves, citing official data released by the central bank.
Why RBI is bringing more & more gold homeAccording to Abhishek Gupta, the RBI is likely to continue strengthening its foreign exchange reserves whenever market conditions are favourable.