RBI adds gold to forex reserves in June quarter, buys 2.5 tonnes in March

The Reserve Bank of India (RBI) has added some gold to its reserves. According to the World Gold Council's (WGC's) trend report for the June quarter, the central bank bought 2.5 tonnes in March, following a fractional 0.3-tonne addition in December. 

These increases are the first since November 2009 when it bought 200 tonnes from the International Monetary Fund (IMF), said the WGC. 

In April and May, there were additions by the RBI of 600 kg and 900 kg, respectively. At present, the central bank's total gold holding is 561.9 tonnes. 

Somasundaram P R, managing director for India at the