Hiring: Outsourcing RBI’s forex reserve management

By Nithin Sasikumar in BFO #303, 11 Jun, 21

A week ago, reports emerged that the foreign exchange reserves managed by India’s central bank, the Reserve Bank of India (RBI), were within touching distance of US$600 billion. The reserves have enough money to cover 18 months’ worth of India’s import requirements. 

And it looks like the RBI is in no mood to stop. The premise is that who knows what could happen during a global pandemic, so it’s better to be prepared for the worst, and hope for the best.