- The Reserve Bank of India (RBI) has bought 8.46 tonne of gold in financial year 2017-18, the first purchase of yellow metal by the apex bank in almost nine years.
- RBI held 566.23 tonne of gold as on June 30, 2018, compared with 557.77 tonne as on June 30, 2017, according to RBI’s latest annual report for 2017-18. The increase is on account of addition of 8.46 tonne of gold during the year.
- Last time the apex bank purchased gold was in November 2009, when it had bought 200 tonne of yellow metal from the International Monetary Fund (IMF).
Points to remember:
- Amount of gold bought.
- Bought after how many years?