The Economic Times

Safety most important in managing forex reserves says RBI Deputy Governor Rohit Jain

RBI Deputy Governor Rohit Jain stated that safety is the highest priority when managing foreign exchange reserves. Liquidity and return are also important, but must follow safety in order of importance. Jain highlighted that the current reserves are the highest on record at $781 billion, ranking fifth globally. Financial institutions are urged to develop capacities for identifying technology vulnerabilities to maintain continuity and stability.