This article is more than 1 year old.

RBI is selling some of its gold but remains a net buyer, says report

Mini

The Reserve Bank of India (RBI) has sold gold worth $1.15 billion from its reserves, the Economic Times reported, quoting RBI's weekly statistical supplement data. The report said value of gold in RBI's forex reserves till October 11 stood at $26.7 billion. 

RBI is selling some of its gold but remains a net buyer, says report
The Reserve Bank of India (RBI) has sold gold worth $1.15 billion from its reserves, the Economic Times reported, quoting RBI's weekly statistical supplement data. The report said value of gold in RBI's forex reserves till October 11 stood at $26.7 billion.
The report further said on a net basis, RBI remained buyer of gold as since the beginning of July, it bought gold worth $5.1 billion.
The report quoted analysts as saying, "The stock of gold in forex reserves has traditionally been revalued only once a month. Any changes in the interim weeks could be attributed to the purchase or sale of gold."
Sources close to RBI said  it’s likely that the central bank is trading in gold as a part of treasury operations, the way it trades in currencies, the report said.

Market Movers

CompanyPriceChange%Gain
Adani Ports694.35 47.45 7.33
Bajaj Auto4,167.10 113.20 2.79
HUL2,482.90 65.20 2.70
Bharti Airtel538.75 10.10 1.91
Grasim1,480.75 22.55 1.55
CompanyPriceChange%Gain
HUL2,480.75 63.85 2.64
Bajaj Auto4,164.95 105.95 2.61
Bharti Airtel538.90 10.20 1.93
Bajaj Finserv11,996.65 178.60 1.51
IndusInd Bank994.90 10.65 1.08
CompanyPriceChange%Gain
Adani Ports694.35 47.45
Bajaj Auto4,167.10 113.20
HUL2,482.90 65.20
Bharti Airtel538.75 10.10
Grasim1,480.75 22.55
CompanyPriceChange%Gain
HUL2,480.75 63.85
Bajaj Auto4,164.95 105.95
Bharti Airtel538.90 10.20
Bajaj Finserv11,996.65 178.60
IndusInd Bank994.90 10.65

Currency

CompanyPriceChng%Chng
Dollar-Rupee73.8600-0.2175-0.29
Euro-Rupee88.0670-0.2300-0.26
Pound-Rupee102.7720-0.4540-0.44
Rupee-100 Yen0.6708-0.0010-0.15