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RBI vs Govt: Reserve Bank's rating key factor in decision over reserves, says report

Updated : November 21, 2018 08:52 AM IST

The central bank, according to the report, said that since India has no reserve currency and is required to fund its current account deficit, the RBI balance sheet is robust enough to attract the top rating.
As of date, India’s sovereign rating is at the lowest investment grade, according to S&P.
RBI vs Govt: Reserve Bank's rating key factor in decision over reserves, says report
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