Advertisement

HindustanTimes Wed,26 Nov 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.

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


Advertisement
more from Business

Rupee inches higher; month-end dollar demand offsets inflows

The rupee closed marginally stronger on Wednesday after being held in a tight range as dollar inflows into the domestic share markets were offset by demand for the greenback from importers looking to meet month-end commitments.

markets
Advertisement
Most Popular
Advertisement
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved