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RBI Denies Report That India Sold $12B in Gold to Support Rupee

2026-06-08 19:19:38

Abstract generation in progress

RBI denied a Bloomberg Economics report that India sold $12 billion in gold reserves to support the rupee. RBI said its physical gold stock remained unchanged at 880.52 tonnes. PIB also said India did not sell gold to support the rupee against the US dollar.

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