🇮🇳 India May Have Sold $12B in Gold Reserves!
According to Bloomberg Economics, the RBI likely sold $12 billion in gold and added $7.5 billion in foreign currency assets to defend the rupee amid rising oil prices and Middle East tensions.
⚡ Key Highlights:
🥇 Estimated $12B gold sale by RBI
💵 $7.5B added to forex reserves 📉 Rupee remains under pressure near record lows
🛢️ Higher oil prices increasing import costs
🏦 RBI prioritizing currency stability and liquidity
👀 If confirmed, this would be one of the most significant gold reserve adjustments in recent years.
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