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HindustanTimes Wed,03 Sep 2014

RBI will manage Telangana's rupee public debt

Reuters  Mumbai, May 20, 2014
First Published: 11:15 IST(20/5/2014) | Last Updated: 11:17 IST(20/5/2014)

The Reserve Bank of India under an agreement with the newly formed state of Telangana will manage its rupee public debt and act as the sole agent for investment of government funds from June 2, it said in a statement on Tuesday.

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The agreement follows the reorganisation of the state of Andhra Pradesh into two separate states earlier this year.


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