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RBI Holds 8 Trillion Rupees of Government Bonds, Rajan Says

The number provides some clarity given the central bank does not disclose the amount of its debt holdings.

Published: 11th April 2016 12:54 PM  |   Last Updated: 11th April 2016 12:54 PM   |  A+A-

MUMBAI: Reserve Bank of India (RBI) Governor Raghuram Rajan said on Monday the central bank holds government bonds worth 8 trillion rupees ($120.54 billion) alongside record-high foreign exchange reserves.

 

The number provides some clarity given the central bank does not disclose the amount of its debt holdings.

 

Rajan made the comment in a speech at an event featuring bankers and start-up executives, in which he discussed that the central bank had plenty of funds at its disposal.

 

India's foreign exchange reserves surged to a record $360 billion in the week ended April 1.

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