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Markets

India’s Central Bank Is Set to Review Foreign Bond Sale Plan

By
Updated on
  • Plan mired in confusion after opposition from various quarters
  • Finance minister said she hasn’t been told to review sale plan
The central bank's regional headquarters in New Delhi.

The central bank's regional headquarters in New Delhi.

 Photographer: T. Narayan/Bloomberg

India’s central bank plans to discuss next month the government’s proposal to raise foreign currency debt, people familiar with the matter said, amid risks flagged by economists about the plan.

The Reserve Bank of India’s board will meet on Aug. 16 to discuss, among others, the nation’s proposed maiden offshore bond sale plan, the people said, asking not to be identified as they are not authorized to speak on the subject.