NRIPage | Articles | #us-federal-reserve | Get Latest Political & Global Updates, Sports News, Latest National & International NRI News in India, USA & other countries around the world

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023. The RBI's gold purchase comes amid global economic i

Finance & Economics

05 Dec 2024 11:23 AM 2.81k views

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

In October 2024, the Reserve Bank of India (RBI) made a significant move by adding 27 tonnes of gold to its reserves, bringing its total gold purchases for the year to 78 tonnes. This marks the highest level of purchases since 2009, when India acquired 200 tonnes from the International Monetary Fund (IMF). The RBI's total gold reserves now stand at 882 tonnes. In comparison, India had bought only 16 tonnes of gold in 2023. The RBI's gold purchase comes amid global economic i

Finance & Economics

President Biden Pardons Son Hunter Biden Amid Legal Challenges

US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution. Biden stated that he had pr

General

02 Dec 2024 01:20 AM 907 views

President Biden Pardons Son Hunter Biden Amid Legal Challenges

US President Joe Biden announced on Sunday that he had granted a pardon to his son, Hunter Biden, who was convicted of making false statements on a gun background check and illegally possessing a firearm. Hunter Biden had also pled guilty to federal tax charges, admitting to failing to pay $1.4 million in taxes. President Biden expressed that his decision to pardon his son came after years of what he described as unfair, politically motivated prosecution. Biden stated that he had pr

General

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

Finance & Economics

30 Oct 2024 10:15 AM 1.18k views

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

The Reserve Bank of India (RBI) has reported an increase in its gold reserves, which now stand at 854.73 metric tonnes as of September 2024, up from 822.10 metric tonnes in March 2024. According to the half-yearly report on the management of foreign exchange reserves released on Tuesday, this increase indicates a strategic shift by the central bank amid rising geopolitical tensions, persistent inflation, and a stable interest rate environment. Out of the total gold reserves, 510.46

Finance & Economics

Equity Indices Decline as Markets Anticipate US Interest Rate Cut

Benchmark equity indices experienced a decline, snapping a two-day winning streak as market participants adopted a cautious approach ahead of the highly anticipated interest rate cut from the US Federal Reserve. This would mark the first rate cut since 2020, following a series of eight consecutive meetings where rates remained unchanged. The India VIX, a measure of market volatility, increased by 6.2%, closing at 13.37. Information technology stocks significantly impacted the indice

Business

18 Sep 2024 08:32 AM 964 views

Equity Indices Decline as Markets Anticipate US Interest Rate Cut

Benchmark equity indices experienced a decline, snapping a two-day winning streak as market participants adopted a cautious approach ahead of the highly anticipated interest rate cut from the US Federal Reserve. This would mark the first rate cut since 2020, following a series of eight consecutive meetings where rates remained unchanged. The India VIX, a measure of market volatility, increased by 6.2%, closing at 13.37. Information technology stocks significantly impacted the indice

Business

Articles

BCCI Reiterates No Bilateral Cricket With Pakistan After Pahalgam Terror Attack

Cultural exchange along the Silk Road

Stocks, Gold, or Real Estate: Which Investment Can Help You Build Wealth in 2024?

China sets world record with 700 km/h superconducting maglev train test

Zelensky warns of massive Russian attacks on Ukraine energy targets

Explosion near Red Fort Metro Station in Delhi sparks fire, police probe cause

Worker Rescued After Falling Into Trench at L.D. Bell High School

10 NASA-Recommended Plants to Purify Your Home's Air and Enhance Your Space

House advances funding bill as Johnson averts shutdown

UAE Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan Meets PM Modi in New Delhi to Strengthen Bilateral Ties

#us-federal-reserve

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

President Biden Pardons Son Hunter Biden Amid Legal Challenges

President Biden Pardons Son Hunter Biden Amid Legal Challenges

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

Equity Indices Decline as Markets Anticipate US Interest Rate Cut

Equity Indices Decline as Markets Anticipate US Interest Rate Cut

BCCI Reiterates No Bilateral Cricket With Pakistan After Pahalgam Terror Attack

Cultural exchange along the Silk Road

Stocks, Gold, or Real Estate: Which Investment Can Help You Build Wealth in 2024?

China sets world record with 700 km/h superconducting maglev train test

Zelensky warns of massive Russian attacks on Ukraine energy targets

Explosion near Red Fort Metro Station in Delhi sparks fire, police probe cause

Worker Rescued After Falling Into Trench at L.D. Bell High School

10 NASA-Recommended Plants to Purify Your Home's Air and Enhance Your Space

House advances funding bill as Johnson averts shutdown

UAE Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan Meets PM Modi in New Delhi to Strengthen Bilateral Ties

Popular Cities

Sign In

BCCI Reiterates No Bilateral Cricket With Pakistan After Pahalgam Terror Attack

Cultural exchange along the Silk Road

Stocks, Gold, or Real Estate: Which Investment Can Help You Build Wealth in 2024?

China sets world record with 700 km/h superconducting maglev train test

Zelensky warns of massive Russian attacks on Ukraine energy targets

Explosion near Red Fort Metro Station in Delhi sparks fire, police probe cause

Worker Rescued After Falling Into Trench at L.D. Bell High School

10 NASA-Recommended Plants to Purify Your Home's Air and Enhance Your Space

House advances funding bill as Johnson averts shutdown

UAE Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan Meets PM Modi in New Delhi to Strengthen Bilateral Ties

#us-federal-reserve

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

RBI Buys 27 Tonnes of Gold in October 2024, Boosting Reserves to 882 Tonnes

President Biden Pardons Son Hunter Biden Amid Legal Challenges

President Biden Pardons Son Hunter Biden Amid Legal Challenges

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

RBI's Gold Reserves Increase to 854.73 Metric Tonnes Amid Economic Uncertainties

Equity Indices Decline as Markets Anticipate US Interest Rate Cut

Equity Indices Decline as Markets Anticipate US Interest Rate Cut

BCCI Reiterates No Bilateral Cricket With Pakistan After Pahalgam Terror Attack

Cultural exchange along the Silk Road

Stocks, Gold, or Real Estate: Which Investment Can Help You Build Wealth in 2024?

China sets world record with 700 km/h superconducting maglev train test

Zelensky warns of massive Russian attacks on Ukraine energy targets

Explosion near Red Fort Metro Station in Delhi sparks fire, police probe cause

Worker Rescued After Falling Into Trench at L.D. Bell High School

10 NASA-Recommended Plants to Purify Your Home's Air and Enhance Your Space

House advances funding bill as Johnson averts shutdown

UAE Crown Prince Sheikh Khaled Bin Mohamed Bin Zayed Al Nahyan Meets PM Modi in New Delhi to Strengthen Bilateral Ties

Popular Cities