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RBI

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”.

Balancing Priorities

The Reserve Bank of India (RBI) has opted for a pragmatic and balanced approach to address the twin challenges of slowing economic growth and persistent inflation.