A foreign currency exchange is a purchase that occurs when you purchase foreign currency from us or we purchase foreign currency from you.Īn exchange rate is the price at which one currency can be purchased or sold for another currency. When we refer to foreign currency, we are referring to a currency other than Canadian Dollars. The rising share of gold in reserves is likely part of RBI's diversification strategy to reduce risk from geopolitical risks and the COVID-19 pandemic.This information is for our Personal Banking Customers. The RBI's continuous purchase underscores gold's prominence in international reserve portfolios amid market volatility and heightened risk. India's gold reserves have surged by over 40% since the country resumed purchasing the precious metal over five years ago.
0 Comments
Leave a Reply. |