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India to call on millions of non-residents to defend rupee - sources

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India is considering calling on its millions of non-resident citizens to help reverse a record slide in the rupee and does not favour the idea of a global sovereign bond at this time, senior government officials told Reuters on Monday.However, the government strongly denied having ruled out a sovereign bond issue and said in a statement that "all options are on the table".The officials, who spoke earlier on condition of anonymity, said India was running out of options and time to revive the currency and fund a record current account deficit but equally ...

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First Published: Tue, July 23 2013. 11:35 IST
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