RBI for calibrated opening of debt space for foreigners: Khan

The Reserve Bank of India (RBI) will strive to develop government bond market domestically and will open up the market to foreign investors in a calibrated manner, said H R Khan, RBI's deputy governor.

The central bank will also try to provide "better communication of the debt management policy to avoid uncertainty in the minds of investors," Khan said.

"Based on experience, the feasibility of gradually opening up certain segments/tenors fully in order to enable inclusion of Indian G-Sec in global bond indices could be a possibility," Khan said.

With incremental opening up of the capital account and the increasing internationalisation of Indian rupee, "greater play by global investors in onshore markets would become inevitable," he added.

Business Standard New Delhi,20th April 2016

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