US gold futures dropped 0.5% at $1,864.10 per ounce
The transfer, which affects about $119 billion in liquid assets of which about a third is held in dollars, will take place within the central bank's huge reserves
The Indian rupee slumped 9 paise to 73.18 against the US dollar in opening trade on Thursday tracking strengthening of the American currency in the overseas market.
The Indian rupee slumped 27 paise to 73.17 against the US dollar in opening trade on Wednesday tracking weak domestic equities and strong American currency
Extending losses for the second straight session, the rupee on Tuesday fell by another 28 paise to end at 72.90 against the US dollar in line with muted domestic equities
The Indian rupee appreciated amid improved risk appetite and the broad weakness of the greenback in the overseas market
The rupee on Monday declined by 17 paise to close at 72.62 (provisional) against the US dollar tracking the strengthening of the American currency in the overseas market.
It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai
Bullion is one of the best-performing commodities this month, erasing almost all of this year's losses.
Even though the offering rate on the Fed facility is 0 per cent, demand has been increasing as a flood of cash overwhelms U.S. dollar funding markets
On Thursday, the rupee had settled at 72.60 against the US dollar.
The Indian rupee strengthened by 18 paise to 72.42 against the US dollar in early trade, tracking positive domestic equities
Spot gold was down 0.2% at $1,893.07 per ounce by 0308 GMT. Bullion has risen 0.7% so far this week, and was on track for its fourth straight weekly gain.
An uptick in the dollar and US Treasury yields pressured bullion, while investors awaited crucial US inflation data later on Friday
Spot gold was down 0.1% at $1,894.88 per ounce by 0235 GMT, after hitting its highest since Jan.8 at $1,912.50 on Wednesday
Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus
Asian shares rose on Wednesday while the U.S. dollar stood near its lowest levels this year after U.S. Federal Reserve officials reaffirmed a dovish monetary policy stance
Gold edged lower on Friday, as optimism around a swift economic recovery lifted appeal for riskier assets
The flow of total NRI deposits during FY21 was $7.3 bn as compared to $8.6 bn in FY20. This was the lowest flow of NRI deposits since FY17
Fall in Covid-19 cases, prospect of economy normalising in near term lift indices for a second day