RBI chief against sovereign bonds; inflation risk persists

Reserve Bank of India , which today kept rates unchanged but presented dovish stance for future against a widely expected hawkish stance, expressed reservation against sovereign bonds issue.

A sovereign bond issue would compromise financial stability, and the cost of a sovereign bond issue outweighs the benefits at current juncture, Duvvuri Subbarao, governor of the Reserve Bank of India said on Tuesday in a post-policy conference with reporters. Sovereign Bond Issue should happen at a time of strength, he noted.





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