RBI holds Rs 8 lakh cr worth of government bonds, says Raghuram Rajan

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

Reuters April 11, 2016 12:56:40 IST
RBI holds Rs 8 lakh cr worth of government bonds, says Raghuram Rajan

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

RBI holds Rs 8 lakh cr worth of government bonds says Raghuram Rajan

RBI governor Raghuram Rajan - PTI

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 1 April.

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