Arvind Kejriwal (ANI) Aam Aadmi Party (AAP) national convenor Arvind Kejriwal on Wednesday questioned the Centre over the alleged offloading of some of India’s gold reserve to protect the country’s foreign-currency assets after the rupee continued to depreciate against US dollars. As of filing of this article the Rupee was valued at 95.691 to the US dollar a gain of 0.45%.Reacting to a news article that claimed India’s central bank may have offloaded part of its gold holdings to shield foreign-currency assets from the fallout of the Iran war, Kejriwal sought clarity from the government on the country’s economic situation.In a post on X, the former Delhi chief minister asked whether the report was accurate and expressed concern over the implications of such a move.”Is this news true? Is the country’s gold being sold? Has the government become so bankrupt? In the last 76 years, there have been many such occasions when the country was in a difficult situation. But the country’s gold was never sold. Does that mean the situation is extremely bad? Why doesn’t the government tell us anything? What is the state of the country?” Kejriwal wrote.He further said, “Modi ji says that he will just pick up his bag and leave. But we have to stay right here, we have to live in this very country.”The remarks came amid discussions over the RBI’s monetary policy strategy ahead of the Monetary Policy Committee (MPC) meeting that began on June 3. The six-member panel is expected to deliberate on interest rates, inflation and broader economic conditions before the RBI Governor announces the policy decision on June 5.Meanwhile, a report by SBI Research argued that the RBI does not need to raise the repo rate to tackle pressure on the rupee despite elevated crude oil prices and global uncertainties. The report suggested that the central bank could instead rely on short-term interest rate tools and liquidity management measures.”So should there be repo rate hike? NO!” the report stated, while advocating a data-driven approach to monetary policy.SBI Research also recommended measures such as widening the interest rate corridor and using instruments like “Operation Twist” to address market volatility and support the rupee without increasing borrowing costs across the economy.The report projected India’s GDP growth at 7.5 per cent for FY26, while cautioning that geopolitical developments could influence future economic outcomes and policy decisions.End of ArticleFollow Us On Social MediaVideosKhan Sir Alleges Rival Coaching Attack In Patna, Police Say CCTV Shows No Evidence Of FiringTwo TMC Councillors Arrested In A Day As Corruption Crackdown IntensifiesNishikant Dubey Targets Nehru-Gandhi Family Over Partition, Calls June 3 Plan A ‘National Betrayal’Nishikant Dubey Targets Nehru-Gandhi Family Over Partition, Calls June 3 Plan A ‘National Betrayal’Jana Sena Eyes Telangana Expansion As Pawan Kalyan Vows Statewide Campaign | WatchHeavy Security Deployed As Police Probe Firing Outside Khan Sir’s Institute | Watch565 Indian Peacekeepers, Including 53 Women, Awarded UN Medal of Honour in South SudanJoint Search Operation Continues In Rajouri Forests Following Inputs On Suspected TerroristsCongress Picks G Parameshwara As Deputy CM Ahead Of DKS Oath :SourcesKhan Sir Claims Attack On Patna Coaching Centre, Alleges Firing And Vandalism123PhotostoriesLalit Modi’s crores-worth London mansion is a 7,000 sq ft cricketing den with signed jerseys, lavish interiors and a private liftUttarakhand’s Valley of Flowers is now open for 2026: Everything travellers need to know before visitingLove vs ego: 7 powerful differences that can make or break your relationship7 royal palaces in India that are now luxury hotelsSummer travel making you feel sick? Try these 8 home remedies that can beat nausea naturally5 simple things worth reminding yourself before the day begins5 Richest temples in India that are also incredible travel destinationsCucumber (Kheera) vs Snake Cucumber (Kakdi): Which is more hydrating and how much to consume daily5 high-fiber flours that may help prevent blood sugar spikes and easy dishesSuccess quote of the day by Nelson Mandela: “The greatest glory in living lies not in never falling, but in…”123Hot PicksDelhi Restaurant FireTrump tariffsLalit ModiKhan Sir’s coachingPune airportSouthwest monsoonMumbai rainsRBI GoldSection 301Top TrendingDelhi Malviya Nagar Restaurant FireBengaluru MurderK AnnamalaiPawan KalyanTwisha Sharma Death CaseDK ShivakumarKarnataka Family MurderSouth Delhi Building CollapseMamata BanerjeeNEET re-exam papers
Aam Aadmi Party (AAP) national convenor Arvind Kejriwal on Wednesday questioned the Centre over the alleged offloading of some of India’s gold reserve to protect the country’s foreign-currency assets after the rupee continued to depreciate against US dollars. As of filing of this article the Rupee was valued at 95.691 to the US dollar a gain of 0.45%.Reacting to a news article that claimed India’s central bank may have offloaded part of its gold holdings to shield foreign-currency assets from the fallout of the Iran war, Kejriwal sought clarity from the government on the country’s economic situation.In a post on X, the former Delhi chief minister asked whether the report was accurate and expressed concern over the implications of such a move.“Is this news true? Is the country’s gold being sold? Has the government become so bankrupt? In the last 76 years, there have been many such occasions when the country was in a difficult situation. But the country’s gold was never sold. Does that mean the situation is extremely bad? Why doesn’t the government tell us anything? What is the state of the country?” Kejriwal wrote.He further said, “Modi ji says that he will just pick up his bag and leave. But we have to stay right here, we have to live in this very country.”The remarks came amid discussions over the RBI’s monetary policy strategy ahead of the Monetary Policy Committee (MPC) meeting that began on June 3. The six-member panel is expected to deliberate on interest rates, inflation and broader economic conditions before the RBI Governor announces the policy decision on June 5.Meanwhile, a report by SBI Research argued that the RBI does not need to raise the repo rate to tackle pressure on the rupee despite elevated crude oil prices and global uncertainties. The report suggested that the central bank could instead rely on short-term interest rate tools and liquidity management measures.“So should there be repo rate hike? NO!” the report stated, while advocating a data-driven approach to monetary policy.SBI Research also recommended measures such as widening the interest rate corridor and using instruments like “Operation Twist” to address market volatility and support the rupee without increasing borrowing costs across the economy.The report projected India’s GDP growth at 7.5 per cent for FY26, while cautioning that geopolitical developments could influence future economic outcomes and policy decisions.
