India’s forex reserves appropriate; gold hoarding globally not a big concern: RBI Chief Sanjay Malhotra at IMF 2025

IMF Annual Meet 2025: In response to a question by Deepak Ajwani, Editor, The Economic Times Digital, on the risk building up due to runaway gold price increases and central banks hoarding gold, RBI governor Sanjay Malhotra said "We have a very diverse mix of our reserves. While the current gold price appreciation helped us bolster our reserves, it is sufficient to support 11 months of our imports. The diversity of our reserves means any depreciation will not have high implications for us. I don't think it has any implications for households as well, although agreed it has geat sentimental value for us all. I have not seen them selling gold, or using it for their needs. So I don't think it is a risk for households as well."