Business Standard

RBI's agenda: To add more gold in foreign currency reserves in 2018-19

The RBI had started adding gold to its foreign currency reserves in smaller amount

Gold
Premium

BS Reporter
The Reserve Bank of India has said that it plans to issue sovereign gold bonds regularly, as the investors’ interest has been low. The RBI also indicated that as part of strategy to diversification of forex reserves, it may add more gold in the foreign currency reserves in 2018-19.

The RBI had started adding gold to its foreign currency reserves in smaller amount. The central bank said in its annual report, in the agenda for 2018-19, RBI also indicated that ore gold will be added to reserves.

It said, “Diversification of India’s Foreign Currency Assets continued during the

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 29 2018 | 10:43 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com