Will think 'deeply' on issuing sovereign bonds, says CEA Subramanian

The BJP-led govt announced in the Budget that it will raise a part of its market borrowing by issuing foreign exchange-denominated bonds in overseas markets

The government will "think deeply" on issuing sovereign bonds in overseas markets, said Chief Economic Advisor Krishnamurthy V Subramanian on Friday, speaking about a Budget proposal that analysts have cautioned against.
 

"All the options with regards to rupee versus dollar and its costs and benefits will be considered. Adequate thought will be put into this and all the trade-offs involved will be considered," Subramanian told reporters on the sidelines of a lecture.

The Bharatiya Janata Party (BJP)-led government had announced in its Budget on July 5 that it will raise a part of its market borrowing by issuing foreign exchange-denominated