India's central bank quashes reports of selling gold reserves

Section:

From The Times of India, Mumbai
Sunday, October 27, 2019

MUMBAI -- The Reserve Bank of India today clarified that it had not sold any of its gold reserves and neither done any trading in the metal.

The central bank's announcement, in a series of tweets, came after some reports that the bank has been selling its gold reserves. ...

Further clarifying on the reports, the central bank said in another tweet that, "The fluctuation in value depicted in Weekly Statistical Supplement is due to change in from monthly to weekly basis and is based on international prices of gold and exchange rates." ...

For the remainder of the report:

https://timesofindia.indiatimes.com/business/india-business/rbi-quashes-...



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