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India Sees FX Reserves as Main Tool to Manage Bond Index Inflows

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India’s vast foreign exchange reserves will be the first line of defense against any market volatility arising from an expected surge in inflows once the country’s bonds are included in global indexes, according to people familiar with the central bank’s thinking.

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Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India’s Reserves Drop as Foreigners Pull Money From Bond MarketIndia’s holdings of foreign exchange fell in late April, reflecting officials’ efforts to defend the rupee as global interest rate repricing triggered portfolio outflows.
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