You are here

RBI said to oppose overseas settlement of debt

Mumbai

INDIA'S central bank is opposed to a proposal to allow overseas settlement of the nation's sovereign debt because such a move could lead to higher currency volatility, people familiar with the matter say.

The Reserve Bank of India (RBI) doesn't favour the settlement of rupee...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes