Reuters reveals India’s central bank looks to diversify investments

Business & Finance

Reuters revealed that the Reserve Bank of India is looking at diversifying its foreign exchange reserve investments amid the fall in global interest rates caused by the COVID-19 pandemic. The RBI is likely to increase its gold investments, as well buying dollars, and will explore investing in AAA-rated corporate bonds for the first time, Reuters sources said. The RBI’s foreign exchange reserves stand at a record $560.63 billion.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: FX & Fixed Income

Regions: Middle East

Countries: India

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

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