RBI buys gold for the first time in 9 years
The Reserve Bank of India has bought gold for the first time in nearly 9 years in the financial year 2017-18. The central bank added 8.46 tonnes of gold last fiscal, taking the level of gold reserves to 566.23 tonnes as on June 30, 2018. RBI last purchased 200 tonnes of gold from the International Monetary Fund in November 2009.