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The Reserve Bank of India: As of May 29, India's gold reserves amounted to $112.6 billion, down from $114.79 billion the previous week.

⑴ Citi has warned that global stock markets are currently at their most "frothy" levels since the 2008 financial crisis. Its bear market checklist shows that 10 out of 18 risk indicators worldwide have already turned red, triggering caution. ⑵ Factors driving up market risk include persistently rising valuations, widespread market optimism, a surge in AI-driven capital expenditures, and a revival of initial public offering activities. Although Citi maintains a positive outlook for stock market performance by the end of the year, it clearly points out that if risk signals continue to increase, a buy-the-dip strategy could become increasingly dangerous.

This disclosure indicates that the company did not recognize such potentially refundable amounts as assets in its current financial statements, reflecting its prudent approach to accounting treatment of this matter. The document highlights the tariff uncertainties faced by enterprises in the complex international trade environment and their corresponding financial reporting strategies.