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Govt may issue bonds for non-resident Indians

INDIA-RUPEE-BOND:India may issue bonds for non-resident Indians-source

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 REUTERS - is considering to issue bonds for non-resident Indians through state-run banks at around 7-9 percent interest rate, a source close to the development told Reuters, to help bolster capital inflows and stem a slide in the rupee.

On Friday, the hit a record low against the dollar for a second consecutive session and posted its worst weekly fall in nine-months, hurt by dollar demand from oil firms and gold importers as well the broad risk-off sentiment.

Finance Minister said on Saturday the government would unveil measures on Monday to arrest the slide in the currency. .

 

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