Reliance reshuffles treasury book ahead of expected RBI hikes, rupee weakness
RIL's treasury is weighing a shift from liquid MFs to short-dated money market paper and trimming long bonds as 50 bps of RBI hikes loom. FX hedges under review with rupee down 6% YTD near 97/dollar, though 29 of 35 economists still expect a hold.
Reliance Industries' treasury is weighing shifting cash from liquid mutual funds to short-dated money market instruments and trimming long bonds ahead of expected RBI rate hikes, while considering hedging FX exposure as the rupee hovers near record lows.