Indian official denies rumors of sovereign bond issue

08/8/2013 | Hindu (India), The

Addressing reports that India is planning an issue of sovereign bonds overseas as a means to narrow the nation's gaping current-account deficit, Economic Affairs Secretary Arvind Mayaram denied that any such decision is in the offing. "The government hasn't said that we are going to be launching a sovereign bond, so why is this question coming again and again?" Mayaram said. Previously, Finance Minister P. Chidambaram indicated the option was under consideration but said a decision was not imminent.

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Hindu (India), The

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