India News | RBI Moves 1 Lakh Kg Of Gold From UK Back To India, First Such Move Since 1991 | News18

Tue, 04 Jun 2024 19:08:54 +0000

India's central bank has moved around a 100 tonnes, or 1 lakh kilograms of gold from the United Kingdom back to its vaults in India, and intends to move more in coming months.

RBI faced severe criticism back in 1991 when it was forced to pledge part of its gold reserves as the country was undergoing a foreign exchange crisis. This is the first time since 1991 that India has moved such a heavy scale of gold.

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