More measures on rupee, CAD: Mayaram

Says no plan for sovereign bond issuance

Arvind Mayaram
Manojit Saha Mumbai
Last Updated : Aug 08 2013 | 3:17 PM IST
The finance minister P Chidambaram is likely to announce more measures to help the battered rupee and the widening current account gap, Arvind Mayaram, economic affairs secretary Arvind Mayaram said today.

"Wait till the end of the week...The finance minister will be talking about this later" Mayaram said when asked about the likely steps that the government will take to address exchange rate volatility.

He also said, there is no plan for a sovreign bond issuance.

Also Read

"Govt has not planned any sovereign bond, don't know why media has the feeling there will be a sovereign bond," he said after attending the Reserve Bank of India's board meeting.

Earlier, RBI governor D Subbarao also expressed reservation for such bond issue.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Aug 08 2013 | 3:13 PM IST

Next Story