Tuesday, April 9, 2013

RBI 'uneasy' at sovereign bond offer to foreign investors

.....“In a recent interaction, the central bank had communicated its discomfort in issuing sovereign bonds. It has been observed in the past that small trigger can create volatility in the bond market,” said a senior from a foreign bank. The Reserve Bank of India manages the government’s borrowing programme, ensuring it is conducted smoothly.......

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