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Reuters reveals India’s central bank looks to diversify investments

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.
The post Reuters reveals India’s central bank looks to diversify investments appeared first on Reuters News Agency.

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