Diversifying assets: RBI strategy has a heart of gold
- Posted on January 4, 2025
- By Business News Today
- 4 Views
Diversifying assets: RBI strategy has a heart of gold
The Reserve Bank of India has significantly increased its gold purchases, buying 50 tonnes so far in FY25 to diversify its foreign exchange reserves and mitigate revaluation risks. This move comes as part of efforts to minimize currency volatility and cushion the rupee against the US dollar.
