Safety is top priority in managing forex reserves: RBI Deputy Governor

RBI Deputy Governor Rohit Jain emphasized that safety is the foremost concern when managing India's foreign exchange reserves, with liquidity and returns following in order of importance.

Jain noted that India's forex reserves have reached an all-time high of $781 billion, positioning the country as the fifth largest holder globally. He stressed the need for financial institutions to develop early-warning systems for identifying technology vulnerabilities to ensure robust management of these critical assets.