Reserve Bank of India opposes stabilisation fund

Y V Reddy, the governor of the Reserve Bank of India, has stated that "no serious consideration" is being given to setting up a stabilisation or sovereign wealth fund in India.

In a speech to the Foreign Exchange Dealers Association of India (FEDAI) he said that the country was "vulnerable" to shocks arising out of volatility in global oil prices.

"If and when we decide to set up these funds, we have to put in place measures of governance, transparency and accountability which would provide the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: