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  1. Raghuram Rajan says RBI holds Rs 8 lakh cr of govt bonds

Raghuram Rajan says RBI holds Rs 8 lakh cr of govt bonds

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.

By: | Mumbai | Published: April 11, 2016 1:20 PM
RBI Governor Raghuram Rajan 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. (Express photo)

Reserve Bank of India Governor Raghuram Rajan said on Monday the central bank holds government bonds worth Rs 8 lakh cr ore ($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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