India's Gold Gambit: Diversification or De-Dollarisation?

Name: India's Gold Gambit: Diversification or De-Dollarisation?
Uploaded: 2025-02-11T18:34:23+00:00
Duration: 4 min 18 s
Channel: yogesh waran
Description: India's central bank, the Reserve Bank of India, bought over 72 tonnes of gold in 2024. The RBI's gold acquisition was up four-fold between 2023 and 2024. An MP questioned the buying spree, asking Finance Minister Nirmala Sitharaman if it was related to De-Dollarisation. What is the real purpose behind the RBI's hoarding of Gold?

yogesh waran

India's central bank, the Reserve Bank of India, bought over 72 tonnes of gold in 2024. The RBI's gold acquisition was up four-fold between 2023 and 2024. An MP questioned the buying spree, asking Finance Minister Nirmala Sitharaman if it was related to De-Dollarisation. What is the real purpose behind the RBI's hoarding of Gold?

Category

Recommended