PMO wants FinMin to restudy issuing of overseas sovereign bond: Report

This month, Finance Minister Nirmala Sitharaman said in her budget speech that India would look to issue overseas foreign currency sovereign bonds

The Indian Prime Minister's Office (PMO) wants the finance ministry to reassess the idea of issuing foreign currency overseas sovereign bonds, two sources with knowledge of the development said on Thursday.

The office has asked the finance ministry to seek wider consultation from stakeholders before proceeding with any plans, said the sources, who declined to be identified as they were not authorised to speak to the media.

The Ministry of Finance and the PMO declined to comment on the matter.

This month, Finance Minister Nirmala Sitharaman said in her budget speech that India would look to issue overseas foreign currency