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RBI brings back 102 tonnes gold from BoE; 60% reserves in India
The Morning Standard
|October 30, 2024
The Reserve Bank of India (RBI) has brought back another 102 tonnes of gold, which were kept in safe custody in the Bank of England and the Bank for International Settlements, back to India between March and September 2024.
RBI now holds 60% of its total gold reserve of 854.73 tonnes domestically. The banking regulator on Tuesday informed that at end-September 2024, it held 854.73 tonnes of gold, of which 510.46 tonnes were held domestically. While 324.01 tonnes of gold were kept in safe custody with the Bank of England and the Bank for International Settlements (BIS), 20.26 tonnes were held in the form of gold deposits.
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