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India plans to raise $10 billion from first foreign bond sale

IBEF:  July 09, 2019

India plans to raise as much as US$ 10 billion from its first overseas sovereign bonds sale, as there is huge appetite for its obligation in the market.

Options to raise funds as a moderating economy pleats tax revenue. Investors have been worried about his plans to get a record 7.1 trillion rupees ($104 billion) this fiscal year.

The country's $2.6 trillion economy fall behind China after the slowest development in five years in the most recent quarter, see an opportunity to decrease interest costs by getting abroad at lower rates.

Indian authorities, who saw the nation's $2.6 trillion economy fall behind China after the slowest extension in five years in the most recent quarter, see a chance to diminish intrigue costs by acquiring abroad at lower rates. 'It might have a constructive outcome to the current account because of the inflow of foreign currency’.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.