rbi sticks to forex reserves policy in india
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

RBI sticks to forex reserves policy in India

Arab Today, arab today

Arab Today, arab today RBI sticks to forex reserves policy in India

New Delhi - Arabstoday

India’s central bank will continue with its strategy of diversifying its forex reserves, a central banker said on Friday, adding, investors may not find it easy to move away from US debt investments.Lingering concerns about the health of the US economy and the fate of the dollar, the world’s premier reserve currency, is making economies across the world to diversify their forex reserves and pare their US debt holdings.“Yes we diversify always. That is a strategy that remains,” K.C. Chakrabarty, a deputy governor at the Reserve Bank of India (RBI) said. The global economic situation was becoming more complex and volatile, he added. From / Gulf Today

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