Tag: gold reserves

India likely to drive global growth, benign home inflation strengthens RBI’s rate cut hopes

Economy
India is poised to consolidate its role as a key driver of global growth amid disruptions due to global trade realignments, while domestic inflation is set for a durable alignment with the central bank target,...

Oil India Q4 net profit drops 21% on lower crude prices; FY25 sees record output and higher capex

Business
State-owned Oil India Ltd on Wednesday reported a 21 per cent decline in its net profit for the January–March quarter of FY25, citing lower crude oil and natural gas prices as key factors...

India’s foreign exchange reserves hit 10 month low at $625 billion

Business
NEW DELHI: India’s foreign exchange reserves have dropped for the sixth straight week, reaching a ten-month low of $625.87 billion as...

India’s forex kitty falls $2.6 billion to $682 billion as of November 1

Economy
Mumbai: Reserve Bank Of India's (RBI) foreign exchange reserves fell by $2.6 billion to $682.1 billion for the week ended November 1, latest...

RBI parks majority of its gold reserves in India; Local holdings up 100 tonnes in H1

Economy
Domestic holdings of gold by the Reserve Bank of India (RBI) rose by more than 100 metric tonnes in the half-year ended September,...

Central banks may scale back gold purchases in 2024, reports World Gold Council

Economy
Central banks may buy less gold in 2024 compared to 2023, when they had bought 1,037 tonnes of gold, according to a World...

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