Gold reserves are gold held by national central banks primarily as a guarantee to back their currency and as a store of value. , Economy News - Times Now
India s foreign exchange reserves saw a decline of $2.41 billion to $637.92 billion as of April 26, according to the latest data from the Reserve Bank of India (RBI). This follows a previous decrease of $2.83 billion to $640.33 billion for the week ending on April 19, 2024. The RBI s Weekly Statistical Supplement revealed that Foreign Currency Assets (FCAs) dropped by $1.16 billion to $559.7 billion, while Gold reserves decreased by $1.28 billion to $55.53 billion.
Tirupati Tirumala Devasthanams (TTD), the richest temple globally, boasts staggering wealth, with cash reserves reaching Rs 18,817 crore and gold reserves totaling 11,329.67 kilograms. This financial prowess stems from devotees' offerings, meticulously managed through transparent practices. TTD's spiritual wealth transcends monetary value, enriching millions of devotees' lives and funding community welfare programs. As a beacon of faith and financial stewardship, TTD exemplifies the harmonious coexistence of spirituality and financial acumen.
India s forex reserves dropped by $2.83 billion to $640.33 billion as of April 19, as per the latest Reserve Bank of India data. This decline follows a previous decrease of $5.4 billion to $643.16 billion reported for the week ended April 12, 2024. Foreign currency assets (FCAs) shrank by $3.79 billion to $560.86 billion, while gold reserves increased by $1.01 billion to $56.81 billion.