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RBI may use money managers to boost forex reserves yield

RBI may use money managers to boost forex reserves yield

The Reserve Bank of India (RBI) is weighing the option of engaging specialist money managers to help improve yields on the reserves fund as rates hit record lows globally. Given the increasing complexities of managing inflows from multiple channels, the RBI also wants better safeguards for the burgeoning corpus that now amounts to about a fifth of India’s gross domestic product (GDP).


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9 June 2021, 23:32