Gold’s Share In Forex Kitty Widens

New Delhi: As India’s foreign exchange reserves surpassed $700 billion, the share of gold in the country’s forex has also surged more than 209 per cent since 2018. India’s gold reserves stands at $65.76 billion (as on Oct 4), compared to $21.15 billion as on December 7, 2018, according to the Reserve Bank of India (RBI) data. Shaktikanta Das assumed the RBI office in December 2018.

Under his tenure, forex also went up 78 per cent. The total foreign exchange reserves of India stood at $701.176 billion (as on Oct 4) compared to $393.735 billion on December 7, 2018.