..............The apex bank said the operation would "standardise the gold available with RBI in India with respect to international standards like London Good Delivery" and the gold acquired would be delivered to its overseas custodian, the Bank of England. Under the leadership of Governor Raghuram Rajan, appointed last year, the RBI has sought to modernise its market operations and improve the management of gold and foreign currency reserves that are worth a total of around $315 billion................
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