The country's reserve position with the IMF also decreased by USD 17 million to USD 3.630 billion, the data showed.

The accusation, which followed a sharp slide in the yuan on Monday, has driven an even bigger wedge between the world’s largest economies.

IMF succession is expected to be a major topic of discussion among G7 finance ministers and central bank governors meeting on Wed.

The RBI started purchasing gold in small quantities from December 2017 after a gap of eight years.

Approval will also unlock an additional USD 38 billion from Pakistan’s international partners over the programme period.