Foreign investors can buy inflation bonds too: RBI

Foreign investors will be able to buy inflation-linked bonds within the existing total investment limits of up to $25 billion for government debt

hidden May 20, 2013 16:28:17 IST
Foreign investors can buy inflation bonds too: RBI

Foreign investors will be able to buy inflation-linked bonds within the existing total investment limits of up to $25 billion for government debt, a senior official from the Reserve Bank of India (RBI) said on Monday.

Foreign investors can buy inflation bonds too RBI

Reuters

Inflation-linked bonds will be issued separately from the scheduled auction of government bonds, which are conducted weekly. The central bank had previously said it plans to sell inflation-indexed bonds on a monthly basis.

Inflation bonds will also be eligible for short-selling and repo transactions, the official said in a teleconference.

The RBI will set a half-yearly coupon on these bonds, the official added.

Reuters

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