Centre yet to decide on issuing sovereign overseas bond: reports

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Centre yet to decide on issuing sovereign overseas bond: reports

Aug 02, 2019 13:52 IST

The government is yet to decide on issuing its debut overseas sovereign bond in the current fiscal year 2019-2020 according to reports. Finance Minister Sitharaman in her maiden budget speech had announced plans to start raising funds from external markets in foreign currencies. However, discussion on the mechanics of the bond sale has not started and the centre has to understand the macroeconomic implications of the bond sale.