RBI holds 8 trillion rupees of government bonds, Rajan says | Reuters

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.

Reuters April 11, 2016 12:16:49 IST
RBI holds 8 trillion rupees of government bonds, Rajan says
| Reuters

RBI holds 8 trillion rupees of government bonds Rajan says
 Reuters

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.

($1 = 66.3700 Indian rupees)

(Reporting by Suvashree Choudhury; Editing by Sherry Jacob-Phillips)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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