India's central bank buys 15 tonnes of gold in October and November

Section:

By Gayathri Nayak
The Times of India, Mumbai
Thursday, January 9, 2020

The Reserve Bank of India stepped up hedging against currency volatility by purchasing 0.48 million troy ounces of gold, close to 15 tonnes, in October and November, central bank data showed.

This is the highest bi-monthly gold purchase by the central bank since it started buying gold from the open market in December 2017.

... Dispatch continues below ...


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India's central bank bought 2.45 million troy ounces worth gold between November 2017 and November 2019, latest data indicates. India's big gold purchase from IMF was in November 2009, when it bought 200 tonnes. ...

... For the remainder of the report:

https://economictimes.indiatimes.com/markets/forex/currency-hedge-rbi-bu...

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