Tag: RBI

RBI buys gold reserves

RBI Governor Shaktikanta Das Reasons Why RBI Buying Gold

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The country’s gold reserves increased eightfold in a year. The foreign exchange reserves also hit a record high of $645.6 billion. Stating that India’s foreign exchange reserves have reached an all-time high of $645.6 billion, RBI Governor Shaktikanta Das said India is also increasing gold reserves as part of foreign exchange deployment. Speaking to reporters […]

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2000 rs note

RBI announces no acceptance of 2000 Rs. notes on April 1st

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The Reserve Bank of India has already stopped the distribution of Rs 2000 notes since last year. Customers can exchange 2000 Rs. notes at 19 branches of the bank. After withdrawing Rs 2,000 notes from circulation last year, RBI offered facilities to exchange these notes at its 19 branches. Customers can exchange these notes up […]

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