Rupee hits 56 versus the dollar
The rupee slumped to a new record low of 56 to the dollar on Wednesday weighed down by global risk aversion, with the Reserve Bank of India's intervention earlier in the day seen as too mild to prevent further falls. Full Article
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Thailand, Russia gold holdings rose in June-IMF data
LONDON |
LONDON Aug 3 (Reuters) - Thailand became the latest Asian central bank to add to its gold reserves in June, as bullion hit record highs buoyed by investor discomfort over anaemic economic growth and debt crises in Europe and the United States, data from the International Monetary Fund showed on Wednesday.
Thailand added 18.66 tonnes, bringing total reserves to 127.524 tonnes, the IMF's international finance statistics showed.
Earlier this week, Korea confirmed it had bought 25 tonnes of gold in June and July, increasing its bullion reserves for the first time in over 10 years.
Russia added 5.85 tonnes, bringing its reserves to 836.715 tonnes, while Kazakhstan's reserves rose 3.11 tonnes to 70.434 tonnes. Taijikistan's reserves rose 0.04 tonnes to 3.036 tonnes and Greece and Ukraine added 0.03 tonnes each, bringing their official holdings of gold to 111.506 tonnes and 27.744 tonnes, respectively.
Spot gold was last quoted at $1,668.89 an ounce at 0751 GMT, up 0.6 percent on the day, having touched a record $1,672.65 earlier in the day. (Reporting by Amanda Cooper; Editing by Alison Birrane)
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