...... a debt management office of the government was in the works for the past couple of years. “An important rethink in this process, however, was earlier set in motion by Governor Subbarao of the Reserve Bank…,” said the report put out by RBI’s Department of Economic and Policy Research. The report went on to quote Governor Subbarao on the interdependence between the functions of monetary policy, financial stability and sovereign debt management and the need for close association of the central bank with sovereign debt management,......
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