RBI sells gold to protect foreign exchange reserves

लगानी न्यूज

२० जेष्ठ २०८३, बुधबार ११:३४June 3, 2026

. According to a report by Bloomberg Economics, the Reserve Bank of India (RBI) has sold about $12 billion worth of gold to protect its foreign exchange reserves. The RBI has not yet given any official comment on the matter.

According to the report, the RBI sold gold in the last two weeks of May.TAG_OPEN_div_10 During the same period, the RBI also bought foreign exchange reserves worth $7.5 billion. The assessment is based on an analysis of publicly available data. At the end of March, the RBI held 880.52 metric tonnes of gold, of which 77 per cent was stored in treasuries within India.

According to analysts, India’s import bill has increased due to the blockage in the Strait of Hormuz.TAG_OPEN_div_8 As the world’s third-largest oil importer, India has to spend more foreign currency to buy crude oil. This has increased the pressure on the Indian rupee and foreign exchange reserves.

According to a Bloomberg Economics report, the RBI may have sold gold to ease pressure on foreign exchange reserves.TAG_OPEN_div_6 However, there has been no official confirmation from the RBI about this.