Bloomberg used indian prices to value rbi gold. Rbi hasnt changed to Indian prices yet , so they used lbma prices to value their gold and converted to rupees. Gold price in rupee went up 10% in may when the govt increased gold duty.
Since rbi releases the rupee and dollar value of gold every week, Bloomberg used to rupee value and Indian prices to figure out how much gold they have and assumed they've sold. Measure in dollars with Lbma prices, there would have been no sale detected.
Just explaining what's happened.
Truly admire the job @kaitlancollins does. Imagine the leader of the free world, singling you out, day after day, for no real reason, calling you makes, and still show up for the job, only to be told by old men to "smile more".
President Trump declines to commit to permanently scrapping the DOJ's $1.8 billion "anti-weaponization" fund. "I'd have to ask the lawyers," he says. "I don't know."
I am not saying Guy Ritchie is lazy but he really should put more effort in the writing. You got Henry Cavill, Jack Gyllenhal and Eiza Gonzalez. Surely you can do better than this? #InTheGrey
Excl: Ground reality vs official records: Census fieldwork is throwing up data that differ from govt records on open defecation free villages, use of cow dung cakes/kerosene/crop residue for cooking in urban areas despite LPG connection, no electricity. Enumerators asked to revisit and review the “data discrepancies”.I ✍️
https://t.co/1LaYwpiiED
Meet Rajesh Mehta,
Owner of Rajesh Exports
Showed Rs 15.15 lakh crore revenue in 5 Years
LIC invested 2,000+ crores
No one flagged for 5 years
Today SEBI announced Rs 15.15 lakh crore revenue was fake
Rajesh share dropped 80%
LIC lost almost 1,600 crores of common people money.
Believe it or die but Corruption in India is almost at the highest level.
Name one country where:
- son of NSA is a UK citizen
- daughter of MEA is a US citizen
- children of most ministers spend more time abroad
and none of this matters to the average citizen because nationalism saar!!!
@zulfikarmajid She makes good points but do you think there could be a genuine breakthrough between local valley leaders and center? Wouldn't that kinda anger valley people?
@prasannavishy That's because Chinese state also pours in a lot of money in the industry they want to thrive. That's why industrialists are happy to play along. Indian state on the other hand is always rent-seeking so not a surprise.
Now you know where that FPI money is going. India definitely missed the bus on that one. We don't have a single manufacturer that can take advantage of current boom.
BREAKING: South Korea’s KOSPI hit new all-time high and crossed 8,750 for the first time in HISTORY.
The index is now up +106% in 2026, adding ₩3,150,000,000,000,000 ($2.3 TRILLION) in market value.
Equity has long been sold as indispensable to any portfolio worth its salt by the financial-services ecosystem. Not having a tidy part of your money in stocks or equity mutual funds is considered outdated, even scoffed at, in India
https://t.co/56AyoJaoAw