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Did RBI sell gold to ‘save’ India’s forex reserves? Govt junks $12 billion claim

Posted on June 3, 2026
By Financial Express
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1 min read

Did RBI sell gold to ‘save’ India’s forex reserves? Govt junks $12 billion claim

The Reserve Bank has steadily increased its exposure to gold in forex reserves --- with valuation rising more than 64% over the past year to nearly Rs 11 lakh crore.