Days after RBI Governor D Subbarao opposed the proposal to set up a debt management office (DMO), sources in the finance ministry have told CNBC-TV18 that, while more discussions would be held between the ministry and the RBI, the fact remains that the proposed DMO would indeed become a certainty at some point of time. Sources added that the RBI board may meet on May 19 to discuss the proposal. Once the central bank gives its final views on the matter, the government would begin the process of setting up a full fledged DMO. Finance Minister Pranab Mukherjee in his budget this year had announced setting up a DMO.
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