RBI May Have Sold $12 Billion in Gold to Defend Rupee Amid Iran-US War, Says Report

Bloomberg reports RBI sold gold worth about 12 billion in May to protect forex reserves as rupee hits record lows, oil prices surge amid Iran-US war, and capital outflows rise

Jun 3, 2026 - 02:30
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RBI May Have Sold $12 Billion in Gold to Defend Rupee Amid Iran-US War, Says Report
Bloomberg reports RBI sold gold worth about 12 billion in May to protect forex reserves as rupee hits record lows, oil prices surge amid Iran-US war, and capital outflows rise

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