Weighing the odds: Wealth-creation through concentration or diversification? Jun 7, 2023, 01:23PM IST.

The rising share of gold in reserves is likely part of RBI's diversification strategy to reduce risk from geopolitical risks and the COVID-19 pandemic.

The RBI's continuous purchase underscores gold's prominence in international reserve portfolios amid market volatility and heightened risk. India's gold reserves have surged by over 40% since the country resumed purchasing the precious metal over five years ago. RBI's gold reserve up over 40% in five years Jun 7, 2023, 06:47PM IST.RuPay Debit and Credit cards issued by banks in India have gained international acceptance through bilateral arrangements with international partners and co-badging arrangements with international card schemes. RuPay forex cards to be issued soon can be used at overseas ATMs, PoS machines, online merchants Jun 8, 2023, 10:55AM IST.In recent months, there have been a number of instances of forex scams when con artists entice the public with the promise of substantial returns on investments in a short amount of time. RBI issues fresh list of unauthorised forex trading platforms How to check authorised list Jun 8, 2023, 12:46PM IST.Meanwhile, Brent crude futures rose 0.38% to $76.25 per barrel, while the dollar index rose 0.19% to 103.54.

The RBI left interest rates unchanged at 6.5% on Thursday, while foreign institutional investors were buyers in capital markets, purchasing shares worth Rs 212.40 crore, according to exchange data. The rupee opened at 82.49 and hit a low of 82.50 through the day. The rupee gained 4 paise to close at 82.47 against the dollar amid foreign fund inflows, though a strong dollar and weak domestic equities limited gains. Rupee rises 4 paise to close at 82.47 against US dollar Jun 9, 2023, 03:55PM IST.India's foreign currency assets, the biggest component of the forex reserves, rose by $5.270 billion to $526.201 billion. Snapping a two-week falling streak, India's foreign exchange reserves saw a rise of $5.929 billion and stood at $595.067 billion as on June 2, 2023, as per Reserve Bank of India data. India's forex reserves up $5.9 billion to $595.1 billion as on June 2 Jun 9, 2023, 05:18PM IST.

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