Reserve Bank Governor Shaktikanta Das on Friday said India has been building up gold reserves as part of its forex deployment. Also read:RBI’s forex reserves build-up leads to a huge $64.182 billion accretion in FY24 so far “We are building up gold reserves that is a part of our reserve deployment,” Das told reporters at … Read more
India’s foreign exchange (Fx) reserves have soared in FY24 so far after declining in FY23, reflecting the Reserve Bank of India’s strategy to build them up for a rainy day. By shoring up the reserves, the central bank is trying to insulate the country from external shocks arising from volatile energy prices and supply chain … Read more
The sixth round of negotiations for the India-Peru Free Trade Agreement (FTA), will begin next week in Lima, with India expecting the comprehensive pact to help expand its foot-print in Latin America, but increased market access for gold is likely to emerge as a tricky area, as per research body, Global Trade and Research Initiative … Read more