Saturday, November 30, 2013

RBI to launch retail inflation-linked bonds in December

The Reserve Bank of India (RBI) plans to launch retail inflation-linked bonds in the second half of December, offering households a shield against negative returns on their savings. The 10-year bonds, which will be available through banks, will have a face value of Rs.5,000, an RBI announcement on Friday said. Investment in the bonds has been capped at Rs.5 lakh per applicant per year.......

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