Share of gold in forex reserves rises, in line with global trend
In absolute terms, gold reserves rose to Rs 3.67 lakh crore as on August 18, 2023, compared to Rs 2.02 lakh crore as on January 3, 2020, as per RBI data.
Source: moneycontrol.com
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In absolute terms, gold reserves rose to Rs 3.67 lakh crore as on August 18, 2023, compared to Rs 2.02 lakh crore as on January 3, 2020, as per RBI data.
The possible range for the Indian rupee could be 81.10 to 81.30, with 83.20 on the lower side and 80.90 on the higher side, forex dealers said.
The rupee has made a significant and swift comeback to hit a one-month high in a reversal from repeated all-time lows when it breached 80 per dollar for the first time ever.