Govt to discuss gross borrowings from external markets with RBI: Governor Das

Reacting on that Centre will raise part of market borrowing in the external market, RBI Governor Shaktikanta Das said that the government has made a budget announcement and they'll interact with the government. He said this while reacting to that Centre will raise part of market borrowing in the external market.

New Delhi: Reacting on whether Centre will raise part of market borrowing in the external market, Reserve Bank of India (RBI) Governor Shaktikanta Das said, "Government has made a budget announcement and we'll interact with them. As debt manager of Government of India, I am sure the government will have an internal discussion with RBI and whatever we need to discuss with the government will be done internally."

India's sovereign external debt to GDP (gross domestic product) is among the lowest globally at less than 5 per cent. The government would start raising a part of its gross borrowing programme in external markets in external currencies.