RBI to discuss sovereign bonds on Aug 16 amid risks flagged by economists

India’s central bank plans to discuss next month the government’s proposal to raise foreign currency debt, people familiar with the matter said, amid risks flagged by economists about the plan.

The Reserve Bank of India’s board will meet on August 16 to discuss, among others, the nation’s proposed maiden offshore bond sale plan, the people said, asking not to be identified as they are not authorized to speak on the subject.

The offering is mired in confusion after an official overseeing the plan was abruptly transferred out of the Finance Ministry last week, amid reports that the Prime Minister’s office