RBI denies report of $12 billion gold sale, says holdings unchanged
The Reserve Bank 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.
Also Read: RBI may have sold gold to save foreign reserves, BE report shows
The RBI said in a statement its physical stock of the precious metal remains unchanged at 880.52 tonnes.
Also Read: Govt sources deny reports of RBI selling gold worth $12 billion to curb rupee slide
"The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasizes that these reports are not correct," the central bank said.
Also Read: RBI may have sold gold to save foreign reserves, BE report shows
The RBI said in a statement its physical stock of the precious metal remains unchanged at 880.52 tonnes.
Also Read: Govt sources deny reports of RBI selling gold worth $12 billion to curb rupee slide
"The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasizes that these reports are not correct," the central bank said.
Next Story