RBI not to convert idle gold into Bullion-RBI clarifies

There has been news spreading that RBI is going to convert gold into bullion to support Rupee from its falling. RBI by a recent press release denied such news which reads as follows;

“There have been some news stories in the media in the last couple of days about the Reserve Bank of India discussing/considering various options of converting idle gold, including that available with temple trusts, into bullion.

The Reserve Bank clarifies that no such proposal is under its consideration at this juncture.”

 

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