Safety's role in managing India's foreign exchange reserves
The Economic Times reports that RBI Deputy Governor Rohit Jain puts safety ahead of liquidity and returns when managing foreign exchange reserves.
TLDR
The Economic Times reports that RBI Deputy Governor Rohit Jain called safety the highest priority in managing foreign exchange reserves. Liquidity and returns also matter, he said, but come after safety. Jain put reserves at a record $781 billion, ranking fifth globally.
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