The Reserve Bank of India's gold reserves is up more than 40 percent since it resumed purchase of the yellow metal over five years ago, even as it seldom sells unlike other central banks. It implies that gold has emerged as a strong hedge against inflation and also helped reduce dollar ...
5. IIFL Finance has been instructed by RBI to immediately stop making loans against gold. However, the RBI has given IIFL Finance permission to use the usual procedures for collection and recovery to service its current portfolio of gold loans. According to the RBI, an examination of IIFL Fina...
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