RBI reportedly opposes offshore settlement of government bonds, BusinessLine reports

Sources close to the Reserve Bank of India indicated a policy stance. The RBI is said to be against offshore settlement of government bonds. Officials expressed concerns about market stability and regulatory oversight. The viewpoint contrasts with proposals to broaden foreign participation. The report appeared in BusinessLine. Analysts suggest the RBI’s position could affect bond issuance strategies. Investors may need to adjust expectations for offshore transactions. The central bank’s approach will be monitored as fiscal plans evolve.