RBI shifts 100 tonnes of gold from UK to its vaults, first time since 1991

The Reserve Bank of India (RBI) has shifted 100 tonnes of gold from the Bank of England's vaults to its own vaults in India, marking the first such transfer since 1991. This move aims to enhance the central bank's control over its gold reserves and strengthen its financial security. The repatriation reflects India's broader strategy to reduce dependence on foreign holdings and secure assets domestically. The transfer is part of a long-term plan to diversify reserves and manage risks associated with holding assets in overseas locations.







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