FOREX RESERVES DIP, GOLD SHARE RISES
Nagpur: More than 22% of Reserve Bank of India ’s gold reserves were kept abroad at the end of March, down from about 40% a year earlier, as per RBI official data and a RTI reply received by a Nagpur resident last week. At the end of last fiscal, around 198 tonnes of RBI’s 880 tonnes of gold were kept in safe custody with Bank of England and Bank for International Settlements (BIS), according to the central bank’s half-yearly report on management of foreign exchange reserves. Another 680 tonnes were held in India, and 2.8 tonnes were held as gold deposits. A year earlier, at the end of March 2025, RBI had around 349 tonnes of its 880 tonnes with Bank of England and BIS, 512 tonnes in India and about 19 tonnes as gold deposits. By the end of Sept 2025, gold kept abroad came down to around 290 tonnes. These figures are from RBI’s half-yearly reports for Oct 2024 to March 2025 and April to Sept 2025. Short-term debt to reserves rose from 19.7% at the end of Sept 2025 to 21.9% at the end of Dec 2025.
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