Market News
RBI potentially sold $12B gold to bolster forex reserves
Published 2026-06-02 · Bazaar Watch Research
- RBI may have sold $12 billion in gold reserves.
- This occurred over two weeks, ending May 22, as per Bloomberg Economics.
- The sale aimed to protect India's foreign-currency assets.
- This was due to capital outflows, rising oil prices, and Middle East tensions.
- Rupee stability is supported, potentially benefiting import-dependent sectors.
- Gold prices could see short-term pressure, impacting investors holding the metal.
