Apex Bank of India Exploring New Investment Options for Forex Reserves

Amidst the fall in the global interest rates caused by the pandemic, the Reserve Bank of India is looking at modifying its foreign exchange reserves. The apex bank’s current forex reserves stand at a record $560.63 billion. The central bank, which mostly invests in gold, sovereign debt and other risk-free deposits, has witnessed a fall in returns as the monetary policy loosened globally. U.S. two-year government bonds ended at 0.16% on November 02.

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