India has no plan to increase H1 inflation-linked bond issuance: source

RBI is scheduled to sell Rs 1,000 crore of 1.44% 2023 inflation-indexed government bonds on June 25

India has no plans to increase the size of its inflation-indexed bond issuance in the first half of the current fiscal year, a senior finance ministry official told Reuters on Thursday, declining to be identified.

The Reserve Bank of India has said it will sell Rs 1,000 crore of 1.44% 2023 inflation-indexed government bonds on June 25.

The sale would mark the second tranche of up to Rs 15,000 crore of inflation-linked paper scheduled to be offered at monthly intervals during the current fiscal year, which started in April.