Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 161)
161.
What was the total gold reserve of the Reserve Bank of India (RBI) after acquiring 8.7 tonnes in January?
Answer: Option
Explanation:
In January, the Reserve Bank of India (RBI) acquired 8.7 tonnes of gold, marking its largest purchase since July 2022. This brought the RBI's total gold reserves to 812.3 tonnes, up from 803.58 tonnes in December 2023. The RBI's move aims to diversify its foreign exchange reserves and hedge against risks associated with foreign currencies.
Discussion:
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