No gold shifted from India to other countries in 2014 and thereafter
Mumbai: Reserve Bank india today, 3 May 2019, stated categorically that no gold was shifted by the RBI from India to other countries in 2014 or thereafter.
The RBI statement comes as a rejoinder to certain media reports. Underscoring that the reports in question are “factually incorrect”, RBI has further said thatIt is a normal practice for Central Banks world over, to keep their gold reserves overseas with Central Banks of other countries like Bank of England for safe custody.
RBI’s Monetary Policy Committee (MPC) is meeting on June 3, 4 and 6, 2019 for the Second Bi-monthly Monetary Policy Statement for 2019-20.