Reserve Bank of India
Financial Services Company
Central Bank Buying Spurs a Gold Rush...tear since the end of August, but the rally gained added momentum starting on Nov. 4, the day after the Reserve Bank of India announced that it had bought 200 metric tons of gold from the International Monetary Fund in October. The deal boosted... In this article: Central Bank, India, International Monetary Fund, Reserve Bank of India, Russia, Brookings Institution, Brown Brothers Harriman, and Standard & Poor's |
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The Times of India - Business | 7 days ago
Bullish on bullion
The Reserve Bank of India quietly announces that it's buying 200 tonnes of gold for $6.7 billion (Rs 31,754 crore) from the same IMF (International Monetary Fund) that it had had to bow before in 1990-1991 for money, about $2 billion of it. A...
In this article: International Monetary Fund, India, China, Unemployment, US, Bankruptcy, Hu Xiaolian, GFMS Limited, and Bank of England
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Sydney Morning Herald - Business | November 02, 2009
IMF sells 200 tonnes of gold to India
...India The International Monetary Fund said on Monday it sold 200 tonnes of gold to the Reserve Bank of India for a total of $US6.7 billion ($7.4 billion) as part of the global institution's plans to increase its lending resources. The sale...
In this article: International Monetary Fund, India, and Dominique Strauss-Kahn
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washingtonpost.com | November 15, 2009
BlackRock says c.banks to be net buyers of gold
The Reserve Bank of India last month bought 200 metric tons of gold from the International Monetary Fund, and Sri Lanka's central bank governor told Reuters this month his bank had been buying gold for the past five or six months. But...
In this article: International Monetary Fund, China, Inflation, and U.S. Federal Reserve
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Gold surges to Rs 17,500 per 10 gm
...gold prices. The precious metal commenced its upward journey ever since the Reserve Bank of India bought 200 tons of gold from the International Monetary Fund, raising fears that some more central banks may follow suit. The major...
In this article: Silver, International Monetary Fund, and New Delhi
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New Kerala | November 02, 2009
IMF sells 200 tonnes of gold worth 6.7 billion dollars to India
...Monetary Fund has sold 200 tonnes of gold worth 6.7 billion dollars to the Reserve Bank of India to shore up the Fund's finances to enable it to step up concessional lending to the world's poorest countries. This sale to India...
In this article: International Monetary Fund, India, Washington, Revenue, Dominique Strauss-Kahn, Germany, and US
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PR Newswire: Financial | November 06, 2009
World Gold Council Welcomes Sri Lankan Allocation To Gold
...will now announce increased allocations to gold." On Monday the International Monetary Fund announced that it had completed the sale of 200 tonnes of gold to the Reserve Bank of India. This amount represents almost half of the total sales...
In this article: International Monetary Fund, Central Bank of Sri Lanka, E mail, and China
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Prospecting for gold
...delivery physical gold bars, equivalent to $US35 billion. Another bullish factor for the gold market was the late October purchase of 200 tonnes of gold by the Reserve Bank of India. This was bought from the International Monetary Fund as...
In this article: Inflation, International Monetary Fund, India, United States, Deflation, London Stock Exchange, and Pranab Mukherjee
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Description from Wikipedia:
The Reserve Bank of India (RBI, भारतीय रिज़र्व बैंक) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central Office of the Reserve Bank was initially established in Calcutta but was permanently moved to Mumbai in 1937. Though originally privately owned, RBI has been fully owned by the Government of India since nationalization in 1949.
Duvvuri Subbarao who succeeded Y. Venugopal Reddy on September 2, 2008 is the current Governor of RBI.
The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.
The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.
It has 22 regional offices, most of them in state capitals.
- Headquarters:
- Mumbai, Maharashtra, India
- Head:
- Duvvuri Subbarao
- Website:
- http://www.rbi.org.in
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