880 tonnes and counting: Why RBI keeps buying gold despite India’s 7th-largest reserves

Amid global economic uncertainties, central banks are increasing gold reserves for stability. The Reserve Bank of India significantly boosted its gold holdings, purchasing 57.5 tonnes in FY24-25 and repatriating 214 tonnes since 2022. This strategic move aims to hedge against dollar volatility and strengthen India's foreign exchange base, supporting the rupee's global role.