RBI for calibrated opening of debt space for foreigners: Khan

The central bank will also try to provide "better communication of the debt management policy to avoid uncertainty in the minds of investors

H R Khan
Anup Roy Mumbai
Last Updated : Apr 20 2016 | 12:39 AM IST
The Reserve Bank of India (RBI) will strive to develop government bond market domestically and will open up the market to foreign investors in a calibrated manner, said H R Khan, RBI's deputy governor.

The central bank will also try to provide "better communication of the debt management policy to avoid uncertainty in the minds of investors," Khan said.

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"Based on experience, the feasibility of gradually opening up certain segments/tenors fully in order to enable inclusion of Indian G-Sec in global bond indices could be a possibility," Khan said.

With incremental opening up of the capital account and the increasing internationalisation of Indian rupee, "greater play by global investors in onshore markets would become inevitable," he added.

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First Published: Apr 20 2016 | 12:15 AM IST

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