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RBI denies report about sale of gold to stabilise rupee

The Reserve Bank of India (RBI) issued an official statement here on Wednesday stating that reports appearing in a section of the media claiming it sold a portion of its physical gold reserves recently to stabilise the Indian rupee are “not correct”.

RBI Governor exhorts US industry to invest in India

Reserve Bank of India (RBI) Governor Sanjay Malhotra has exhorted the US industry to invest in India, stressing that the country continues to be the fastest-growing major economy, supported by policy consistency and certainty.