BRICS’ Golden Spell To Dethrone Dollar
Will the gold-backed international currency end the dominance of the U.S. dollar?
foreign reserves
August 2023
December 2022
February 2022
India’s CAD widens to record 4.4% of GDP in Q2 FY23
RBI says $30.4 bn worth of foreign exchange reserves were depleted in Q2 vs an accretion of $31.2 bn a year before. FDI inflows at $20 bn in H1 marginally declined from $20.3 billion a year before.
India in global gold buying spree; RBI 2nd largest buyer of yellow metal
RBI mopped up 77.5 metric tonnes of gold in 2021, its second highest ever after 2009 when it bought 200 metric tonnes from the International Monetary Fund.
