India News | RBI Moves 1 Lakh Kg Of Gold From UK Back To India, First Such Move Since 1991 | News18

India's central bank has moved around a 100 tonnes, or 1 lakh kilograms of gold from the United Kingdom back to its vaults in India, and intends to move more in coming months.

RBI faced severe criticism back in 1991 when it was forced to pledge part of its gold reserves as the country was undergoing a foreign exchange crisis. This is the first time since 1991 that India has moved such a heavy scale of gold.

#RBI #RBIGold #India #UK #news18

[madhusudhan-qqux]

Best move for Economy jai Modi Jai Hind jai Bharath

[vandanachalla]

Feeling so excited our india is
Strengthening our economy
💐🎊
Jai bharath

[jaislandviewer]

No need to explain or give reasons to take back what is yours. Respect from 🇯🇲.

[shankar]

Also possibility of gold being looted with deteriorating situation in Europe and huge migrant issue.

[muthusamyk]

Super move
Modij is great leader
Jai shree Ram
Bharat mathaki Jai

[truehindustani]

Now Raga will do reverse action. He will make Aloo out of this gold if India comes to power.😅😅😅😅😅😅😅

[dwltgmk]

If Rahul Gandhi becomes PM after 4th June, the entire gold will come back to India and the one lakh tonnes shall be shared with 28 party heads as per their strength and support to the government
Of course they will present it to their spouses and family members.

[bharathi]

That's why we have to vote for BJP. ❤ I love my india ❤

[AjayGupta-qswn]

No opposition leader even mention it the historic act.

[BalaMurugan-fxkc]

Extremely strategic move. After world saw what world did to USSR where world refused give money or gold back to.Russia, this is a wise move. We need not depend on some other country to hold our gold reserves...

[surjitarur]

Pallavi, Bravo! I watch your presentation in The Sunday Club. Keep up your great journalism!👏👏

[nikhilraj]

BJP thinking of India's economic growth .... Congress thinking of voteban and appeasement and destroying Indian economy.

[drrmdebnath]

Great moment for India...harharmahadev

[krishnudukalva]

Reason for Indian Gold brought from UK...
1.India having foreign reserves 5, 91, 504 million US Dollars.
2.Now, India is accumulated foreign reserves to imports for 11 months. So, pledging of gold to get foreign not required.

[user__]

$45 Trillion was taken from India by Britain over 200 years of rule

[Vikasit]

There are still over 500 tons of Indian Golds parked outside India. Order Number ONE of RBI withdraw all these Gold from every where with Swords of Sanctions hanging over India 's neck due to continuing Purchse of oil from Iran and Russia. Order on 5 th June please . Jai Hind !

[mangalajayaraman]

Rahul Gandhi going on.dreaming nothing is going to happen.
Jaihind

[atulparikh]

Modi hai to mumkin hai. Salute to Modi government ❤

[shankar]

With this there is possibility of RBI performing market intervention acts in case to cool up gold prices and also a brownie point to BJP to say we got back pledged gold after settling the loans.

[somnath]

The Gold that Manmohan gave.. Modi returns them all