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Safety most important in managing forex reserves says RBI Deputy Governor Rohit Jain
The brief
- RBI Deputy Governor Rohit Jain said safety is the highest priority for forex reserves
- Liquidity and return are also important
- India forex reserves surge to a record high in September and to provide cover for 11.2 months of goods imports, says RBI
- India's forex reserves fall $14.89 billion to $766 billion
- Russian crude supplies enabled India to cushion against oil supply shocks caused by West Asian war: Deputy FM
- Economy resilient with downside risks from West Asia conflict: RBI bulletin
- RBI says resilient domestic economy cushions India against rising global risks