The Reserve Bank of India (RBI) recently transported 102 tonnes of gold from the Bank of England vault to India, aiming to reinforce the country’s economic stability. The gold, which is part of the RBI’s reserves, had been pledged in London during the 1990s financial crisis. Why did the RBI decide to bring it back. This strategic move, kept confidential until its completion, was publicly announced on Dhanteras (October 29, 2024). The decision to repatriate gold reserves enhances India’s financial resilience and signals a robust approach to securing economic assets…
RBI Brings Back 102 Tonnes of Gold to Bolster India’s Economic Stability
