India’s Central Bank Doubles Gold Share in Forex Reserves Over Four Years
According to a report from the Reserve Bank of India, the portion of gold in India’s foreign exchange reserves has significantly increased, now accounting for double the previous amount over the last four years as of the end of March. This strategic move reflects a growing trend among central banks worldwide to diversify their reserves with gold. Market participants should monitor how this change could influence India’s financial stability and reserve policies going forward.