FOREX

• No Investment by Dept.
• Only Profit upto TEN LAKHS crores approximately.

• India’s Forex Reserve Increases by 100 Times
• Household in India may have piled up around 24,000 – 25,000 tonnes of gold,
remaining the world’s largest holders of the precious metal.
• Factoring in the central bank’s reserves ( 608.8 tonne ) and an import duty of 10 % ,
the domestic value of the gold stocks at most of the known sources in the world’s
second- largest consumer will be even higher.
• India’s household gold reserves valued at over 40% of GDP.