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RBI might use cash managers to spice up foreign exchange reserves yield

In 2003-04, the yr during which RBI’s foreign exchange reserves crossed the $100-billion mark for the primary time, Mint Highway had sought exterior help in managing part of the corpus.

Synopsis

The Reserve Financial institution of India (RBI) is weighing the choice of partaking specialist cash managers to assist enhance yields on the reserves fund as charges hit file lows globally. Given the growing complexities of managing inflows from a number of channels, the RBI additionally desires higher safeguards for the burgeoning corpus that now quantities to a couple of fifth of India’s gross home product (GDP).

Mumbai: India’s central financial institution is prone to interact exterior monetary consultants to handle part of its file $600-billion international trade reserves, dusting off a playbook used almost twenty years in the past when the corpus crossed the twelve-digit threshold for the primary time.

The Reserve Financial institution of India (RBI) is weighing the choice of partaking specialist cash managers to assist enhance yields on the reserves fund as charges hit file lows globally.

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