Latest news with #USdollars
Bloomberg
11-08-2025
- Business
- Bloomberg
India's RBI Said to Have Sold at Least $5 Billion to Boost Rupee
By and Bhaskar Dutta Save India's central bank sold US dollars across both onshore and offshore currency markets this month to prop up the rupee as it weakened toward a record low, according to people familiar with the transactions. The Reserve Bank of India sold at least $5 billion worth of the US currency, one of the people said, asking not to be identified as the information is private. The RBI didn't immediately respond to an email requesting comment on the matter. If the trend persists, it could become RBI's largest month of net dollar sales since January.
Bloomberg
07-08-2025
- Business
- Bloomberg
China's Central Bank Adds Gold In Nine-Month Buying Streak
People's Bank of China increased its gold reserve in July, marking nine straight months of purchases that are helping it diversify its holdings away from US dollars. Gold held by the central bank increased by 60,000 troy ounces to 73.96 million troy ounces last month, according to data released on Thursday. This brings the total tally of purchases since November — when the current wave of buying started — to around 36 tons.
