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RBI cautious about raising foreign cap on rupee bond holdings

Mr Rajan is expected to gauge volatility caused by China's devaluation and the impending Fed hikes before making a move.


WHILE India's central bank has good reasons to raise the cap on global funds' rupee bond holdings, one glance at Asian currency markets explains why it probably won't.

Schroder Investment Management Ltd says raising the US$30 billion limit on sovereign debt holdings will