As RBI Buys Several Tons Of Gold, Governor Says "India Building Reserves"

Governor Das also said that having a stable rupee is a priority for the Reserve Bank.

Reserve Bank Governor Shaktikanta Das today said India has been building up gold reserves as part of its forex deployment.

"We are building up gold reserves that is a part of our reserve deployment," Governor Das told reporters at the customary post-policy review press conference.

He did not give any specifics on the quantum of gold buys, but pointed to the official data which shows an increase in the value of gold reserves.