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RBI may consider issuing bonds to help soak up foreign money into stocks

RBI may consider issuing bonds to help soak up foreign money into stocks The RBI report recommended further strengthening foreign-exchange reserves, citing the swings in the rupee around the time of the global taper tantrum in 2013 (Photo: Mint)Premium Subhadip Sircar, , Bloomberg Current laws forbid the RBI from selling its own paper, and budgetary constraints could prevent the government from issuing so-called market stabilization scheme, or MSS, bonds that authorities have used in the past...
Yashutosh Joshi Istsubhadip Sircar Foreign Money Financial Stability Stabilization Scheme Impossible Trinity

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