RBI Moves 1 Lakh Kg Of Gold From UK To Its Vaults In India: Report | India Today
The Reserve Bank of India (RBI) has moved approximately 100 tonnes (1 lakh kilograms) of gold from the United Kingdom to its vaults in India, Business Today reported, quoting sources.
This is the first time since 1991 that India has undertaken such a large-scale transfer of gold reserves.
More than half of the RBI’s gold reserves are held overseas in secure custody with the Bank of England and the Bank of International Settlements, while approximately a third is stored domestically.
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