08 Aug, EOD - Indian

Nifty 50 24363.3 (-0.95)

Nifty Pharma 21402.15 (-1.30)

Nifty Bank 55004.9 (-0.93)

Nifty Midcap 100 56002.2 (-1.64)

SENSEX 79857.79 (-0.95)

Nifty Next 50 65514.7 (-1.24)

Nifty Smallcap 100 17428.2 (-1.49)

Nifty IT 34398.5 (-0.95)

08 Aug, EOD - Global

NIKKEI 225 41820.48 (1.85)

HANG SENG 24800.89 (-0.23)

S&P 6440 (0.23)


Currency News

You are Here : Home > News > Currency News >

(11 Feb 2025, 11:37)

RBI is accumulating gold to maintain a balanced reserve portfolio: FM


Union Finance Minister Nirmala Sitharaman on Monday reportedly said in the Lok Sabha that India’s rising gold reserves, including those held by the Reserve Bank of India (RBI), is not intended to replace any international currency. “Gold is also kept in the Reserve Bank and gold is also being bought by the Reserve Bank. But beyond that, as regards an international currency or potential currency, there is not much for me to comment at this stage,” the Minister said. Sitharaman confirmed that the RBI is accumulating gold to maintain a balanced reserve portfolio. While the US dollar has been a dominant component of India’s foreign exchange reserves, the RBI also holds reserves in other currencies and gold. She stressed that the move is part of a strategy to diversify reserves rather than an indication of India shifting away from the dollar or pushing for an alternative international settlement mechanism.

More News

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +