RBI debunks report claiming it sold $12 billion worth of gold to protect forex reserves
The Reserve Bank of India (RBI) has refuted claims that it sold $12 billion worth of gold to safeguard its foreign exchange reserves. The central bank clarified that these reports are inaccurate and misleading. RBI emphasized its commitment to maintaining the stability of the country's forex reserves.
- ▪The RBI denied reports of selling $12 billion in gold.
- ▪The central bank stated that the claims are inaccurate and misleading.
- ▪RBI is focused on maintaining the stability of India's foreign exchange reserves.
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