Bloomberg Economics had reported that the central bank likely sold gold reserves worth about $12 bn in the two weeks through May 22, while buying $7.5 bn of foreign-currency assets.
In Episode 1612, Editor-in-Chief Shekhar Gupta looks at how ongoing global financial uncertainty, inflation & weakening dollar are making gold the preferred asset for long-term security.
The survey, which was conducted in February-April and included a total of 69 responses, showed that 29% of central banks expected their own gold reserves to increase in the next 12 months.
News that nearly 3,500 tonnes of gold was found in Sonbhadra was first picked up by regional papers, but soon spread like wildfire across mainstream media.
Army sources said the uniform comes with respect and every jawan and officer should honour it and not allow social media trends to influence their actions.
An oil shock, monsoon fears, rampant unemployment, and the seeming inevitability of inflation are common to both eras. Indira Gandhi’s self-destructive responses are instructive today.
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