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المشهد العربي
India's central bank denies gold sales
The Reserve Bank of India denied the reports circulated by media outlets regarding the sale of its gold reserves, affirming that its holdings of the yellow metal remained steady at 880.52 tons in April, with no changes so far. It clarified that the proportion of gold in the total foreign exchange reserves increased to 16.7% by the end of March, up from about 14% in the previous September. These clarifications come in response to a report claiming that the Indian central bank sold $12 billion worth of gold over a two-week period.
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