Question : Recently, by how much percent gold has increased in RBI’s foreign exchange reserves to 744 tonnes ?
a. 11 percent
b. 13 percent
c. 9 percent
d. 15 percent
Ans. a.
Related facts —
- Gold in RBI’s forex reserve has recently rose 11% to 744 tonnes.
- “Report on Management of Foreign Exchange Reserves” released by RBI On October 27 revealed this.
- Key points —
- As at end-September 2021, the Reserve Bank held 743.84 metric tonnes of gold.
- While 451.54 metric tonnes of gold is held overseas in safe custody with the Bank of England and the Bank for International Settlements (BIS), 292.30 tonnes of gold is held domestically.
- In value terms (USD), the share of gold in the total foreign exchange reserves increased marginally from about 5.87 per cent as at end-March 2021 to about 5.88 per cent as at end-September 2021.
Link:
https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=20655#I2