India was rumored to have sold $12B worth of gold as higher oil prices put pressure on the rupee. The RBI has denied the report. But the market reaction says a lot. When oil spikes, countries that rely heavily on energy imports start feeling the pressure fast. That’s why traders aren’t just watching oil right now. They’re watching currencies, central banks, and how far governments are willing to go to defend them.

India was rumored to have sold $12B worth of gold as higher oil prices put pressure on the rupee.

The RBI has denied the report.

But the market reaction says a lot.

When oil spikes, countries that rely heavily on energy imports start feeling the pressure fast.

That’s why traders aren’t just watching oil right now.

They’re watching currencies, central banks, and how far governments are willing to go to defend them.

— That Martini Guy ₿ (@MartiniGuyYT) Jun 3, 2026