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He did not give any specifics on the quantum of gold buys, but pointed to the official data which shows an increase in the value of gold reserves.
As per official data, the value of gold in the
As per a recent news report, RBI bought 8.7 tonne of gold in January alone which is the highest in two years. The
Earlier in the day, Das announced that the overall forex reserves have touched an all-time high of USD 645.6 billion as of March 29, a breakup of which will be made available on Friday evening with the release of the weekly statistical supplement (WSS).
Speaking to reporters, Das said RBI has consciously focused on building forex reserves over the last four-five years to act as a buffer against any future risks where there are dollar outflows from India.
He also said the central bank’s approach on the forex front adds strength to the national balance sheet as well.
Das also said that having a stable rupee is a priority for the Reserve Bank.