RBI's gold reserves rise to 794.64 tonne at March-end 2023

RBI's gold reserves rise to 794.64 tonne at March-end 2023

Daily Current Affairs / RBI's gold reserves rise to 794.64 tonne at March-end 2023

Change Language English Hindi

Category : Business and economics Published on: May 11 2023

Share on facebook

The Reserve Bank of India (RBI) added 34.22 metric tonnes of gold in the fiscal year that ended March 31, 2023, taking the total gold reserves to 794.64 metric tonnes.
RBI held 760.42 metric tonnes as of March 31, 2022, compared to 695.31 metric tonnes as of March 31, 2021.
The gold reserves as of March 31, 2023, included gold deposits of 56.32 metric tonnes, according to the RBI’s half-yearly report on Management of Foreign Exchange Reserves- October 2022 – March 2023.
A recent World Gold Council (WGC) report showed that the RBI added 7 metric tonnes of gold in January-March 2023.
The RBI is not alone in its efforts to increase its gold reserves. Other central banks, including the Monetary Authority of Singapore (MAS), the People’s Bank of China (PBoC), and the Central Bank of the Republic of Turkey, have also been buying gold as part of the diversification of their foreign exchange reserves.

Recent Post's

Sanjay Mashruwala, a key executive with Reliance since the time of founder Dhirubhai Ambani, has resigned as Managing Director of Reliance Jio.
Read More....
Jonatan Christie of Indonesia secured the Asian badminton title by defeating his opponent 21-15, 21-16 in the men's singles final held in Ningbo, China.
Read More....
Yuzvendra Chahal made history by becoming the first bowler to claim 200 wickets in the IPL during Rajasthan Royals' match against Mumbai Indians.
Read More....
Irdai has eliminated the age limit of 65 years for purchasing health insurance policies, effective from April 1.
Read More....
Nalin Prabhat, a senior IPS officer, has been appointed as the Director-General of the National Security Guard (NSG), India's counter-terrorism force.
Read More....
The Indian Navy conducted Exercise Poorvi Lehar on the East Coast to validate procedures for assessing its preparedness to meet Maritime Security challenges in the region.
Read More....
IIT Delhi and the Armed Forces Medical Services (AFMS) have signed an MoU to enhance research and innovation in medical devices.
Read More....
Cognizant and Microsoft have announced an expanded partnership to promote the adoption of generative AI among enterprises.
Read More....
In a historic event, seven members of Andaman's vulnerable Shompen tribe cast their votes for the first time for the Lok Sabha seat in the union territory.
Read More....
Pavuluri Subba Rao, Founder, CEO, and Chairman of Ananth Technologies, has been honored with the Aryabhatta Award for his contribution to astronautics by the Aeronautical Society of India (ASI).
Read More....