RBI has rainy day fund, generations are waiting for rain: Jaitley
Challenging RBI's argument that it was maintaining high reserves for emergencies, Finance Minister Arun Jaitley said, "You are keeping reserves for a rainy day while generations of people are waiting for rain." "Surplus RBI reserves can be used for poverty alleviation," he added. The central bank had total reserves of â¹9.6 lakh crore as of June 2018.