RBI holds 8 trillion rupees of government bonds, says Raghuram Rajan

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

Reuters| Updated: Apr 11, 2016, 12:47 PM IST
RBI holds 8 trillion rupees 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 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.