India's central bank weighs investment options
Low government bond yields have driven the Reserve Bank of India to consider expanding into non-G7 sovereign debt and even investment grade paper, AsianInvestor hears.
AsianInvestor recently visited India’s central bank in Mumbai to discuss the markets, its interest in expanding into non-G7 sovereign debt and even into investment-grade global bonds.
The Reserve Bank of India (RBI), which had $353.6 billion in reserves as of July 24, requested that AsianInvestor did not quote it directly. However, we are allowed to give a flavour of the conversation as an indication of the bank’s collective thinking.
The RBI has three primary objectives as far …
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