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RBI to review overseas bond sale plan: report

Jul 30, 2019 20:44 IST

The Reserve Bank of India is reportedly planning to discuss the first ever overseas bond sale amid risks flagged by experts. According to a Bloomberg report, the central bank will hold a discussion on August 16 on the proposed offshore bond sale plan. Plan to raise foreign debt has been mired in controversy after ex-Finance Secretary SC Garg was abruptly transferred to the power ministry. Reports also suggested that the Finance Ministry was asked by the Prime Minister's Office to rethink the issuance of foreign currency overseas sovereign bonds but Finance Minister Nirmala Sitharaman dismissed such reports, saying the plan will go ahead as planned. 

RBI to review overseas bond sale plan: report

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