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Share of gold in country’s forex reserves doubled over last 4 years — CBI
The share of gold in the foreign exchange reserves of the Indian regulator has doubled over the last 4 years as of the end of March. The data was presented in Monday’s report of Reserve Bank of India (RBI).
In March, the share of gold in the state's foreign exchange reserves in dollar terms increased by 11.7%. Also, according to the RBI's semi-annual report, the volume of the yellow metal in India's vaults reached 879.59 tons (of which 511.99 tons were in domestic reserves)
The report also provided information on the increased ratio of short-term government debt to national reserves. At the end of December last year, the figure rose to 22%. The ratio of volatile capital flows to reserves also jumped to 74.3%
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