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RBI looks to shield forex kitty as geopolitical tensions rise
The RBI is fortifying its forex reserves against weaponization by diversifying assets across currencies and jurisdictions, reducing reliance on the US dollar. With reserves constituting 74% of its Rs 76 lakh crore balance sheet, the central bank aims to insulate the Indian economy from external shocks. Simultaneously, the RBI promotes rupee-denominated trade and enhances data security with the upcoming IFS Cloud.
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