Sberbank’s India fund creates a rupee-Nifty corridor for Russian investors

In a move that could change the way sanctions-hit Russia deploys billions of stranded Indian rupees, state-owned Sberbank is launching a closed-end mutual fund linked to the Nifty50, essentially opening a direct route for Russian investors to invest their surplus rupees in Indian stocks. The structure offers Moscow a solution to its currency dilemma: When […]

Sberbank’s India fund creates a rupee-Nifty corridor for Russian investors

In a move that could change the way sanctions-hit Russia deploys billions of stranded Indian rupees, state-owned Sberbank is launching a closed-end mutual fund linked to the Nifty50, essentially opening a direct route for Russian investors to invest their surplus rupees in Indian stocks. The structure offers Moscow a solution to its currency dilemma: When […]