Birdwatch Note Rating
2024-06-01 04:13:41 UTC - HELPFUL
Rated by Participant: 774EF457D906D4C5A0E062875BB02FCEE10E332C44B58D5CEAEC5308413177E5
Participant Details
Original Note:
In 1990-91 foreign exchange crisis, India pledged part of its reserves to the Bank of England for a $405 mn loan. Loan was repaid in Nov 1991 but RBI kept the gold in UK for logistical reasons. The RBI has moved 100 MT of its gold stored in the UK to domestic vaults in FY24 https://www.businesstoday.in/latest/economy/story/what-made-rbi-move-100-tonnes-of-gold-from-uk-to-its-vaults-heres-an-explainer-431671-2024-06-01
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