The Reserve Bank of India on Friday said no gold was shifted outside the country in 2014 or thereafter, refuting media reports that the central bank shifted abroad a part of its gold reserves in the said year.
It is a normal practice for central banks world over to keep their gold reserves overseas with central banks of other countries--like Bank of England--for safe custody, the RBI statement read.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
“It is further stated that no gold was shifted by RBI from India to other countries in 2014 or thereafter. Thus the media reports cited above are factually incorrect,” the statement read.
Also Read | Layoffs Are Rising In Tech, But These Skills Are Helping People Unlock Better Pay
The Congress tweeted a report regarding shifting of 200 tonne of RBI gold reserves to Switzerland in 2014.
Did the Modi govt secretly transport 200 tonnes of RBI's gold to Switzerland in 2014?
May 2, 2019
“What did the government get in return for exchanging the gold? Why is the information about the transaction not available in public domain?”https://t.co/tvlefhPNke“Did the Modi govt secretly transport 200 tonnes of RBI's gold to Switzerland in 2014?,” the party had tweeted while tagging the report.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
