🇮🇳 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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