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RBI quashes reports of it selling gold reserves

"Reports have appeared in certain sections of media that RBI has been selling/trading in gold of late. It is clarified that RBI has not sold any gold or trading in it," tweeted RBI

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The Reserve Bank of India (RBI) on Sunday clarified that it had not sold any of its gold reserves or done any trading in the yellow metal. The Central bank's announcement, in a series of tweets, came in the wake of media reports which stated that the RBI has been selling its gold reserves.

"Reports have appeared in certain sections of media that RBI has been selling/trading in gold of late. It is clarified that RBI has not sold any gold or trading in it," tweeted RBI.

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