India: why treasurers are parking funds overnight
A liquidity crisis caused by a defaulting non-banking financial institution has prompted corporate treasurers in India to move away from money market funds. It serves as yet another example of the importance of good risk management.
Treasurers know that funds should not stay idle but neither can they take on risk. Yet the temptation to err on the side of reward can be greater in growing Asian economies where cash is often trapped due to foreign exchange controls.
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