Govt could opt for NRI Bonds to encourage dollar inflows

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Govt could opt for NRI Bonds to encourage dollar inflows
In order to attract overseas funds, government has decided to come out with Non-resident Indian (NRI) bonds.

Speaking about the government's stance on floating NRI bonds, Raghuram Rajan, Chief Economic Advisor, said, "We will be looking at all options for safe financing of CAD.... It is still early days."

The NRI Bonds, as a way of raising foreign exchange, assumes significance in view of the falling value of rupee, which today touched an all time low of Rs 58.50 to a dollar.

Read more about: nri, nri bonds
Story first published: Wednesday, June 12, 2013, 9:31 [IST]
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