India cenbank moves 100 tons of gold from UK to domestic vaults, TOI reports

The Reserve Bank of India (RBI) has moved 100 tons of gold from overseas vaults back to India, signaling a strategic shift in its gold reserve management. The move is aimed at enhancing the liquidity and security of India's gold reserves, providing the RBI with greater control over its assets. This decision comes in the context of global economic uncertainties and is part of the RBI's broader strategy to diversify its reserve assets and strengthen the financial stability of the country.