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. He urged financial institutions to develop the for identifying technology vulnerabilities to identify technology vulnerabilities early.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.