Gold price rally impact: India’s gold reserves cross $100 billion for the first time; share in forex reserves highest since 1996-97
The proportion of gold within India’s foreign exchange reserves has seen a significant rise in the last ten years. (AI image) Gold’s record rally has helped India’s gold reserves value cross the $100 billion mark for the first time ever. The Reserve Bank of India‘s (RBI) latest foreign exchange reserves data reveals that India’s gold…