RBI holds 8 trillion rupees of government bonds: Raghuram Rajan
. India's foreign exchange reserves surged to a record $360 billion in the week ended April 1.
By : DC Correspondent
Update: 2016-04-11 07:45 GMT
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.